Prabhune & Sons Kolhapur, made furniture for their own office on 14 October \( 2015 . \) For this they had spent \( ₹ 72,000 \) on materials and \( ₹ 32,000 \) on wages. The estimated life of the furniture is to be for 10 years and its expected scrap value at the end of it would be ₹ 24,000 . They sold the entire furniture for \( ₹ 80,000 \) on 1s October 2018. They close the books of accounts on 31st March every year. Show the Furniture Account and Depreciation Account for first four years. (Straight Line Method).
