A Transport Company purchases 5 Trucks at Rs. 2,00,000 each on April 1.2012. The company writes off depreciation @20% per annum on original cost and observes calendar year as its accounting year. On October 1, 2014 one of the trucks is involved in an accident and is completely destroyed. Insurance company pays Rs.90,000 in full settlement of the claim. On the same day the company purchases a used Truck for Rs.1,00,000 and spends Rs.20,000 on its overhauling.

Prepare

Truck Account for the three years ending on December 2014.