Financial Accounting - Old Questions

14. Furniture purchased on 1st January 2013 at Rs.5,50,000. Another Furniture purchased on 1st july 2016 at Rs. 5,00,000. The Furniture purchased on 1st January 2013 has found unsuitable and sold at Rs. 30,000 on 31st December 2016. The account of the business is closed 31st December each year. The company applied diminishing method of depreciation@ 10 percent per year.

Required: Furniture account for five years [5]