Janab Hasansab of Hyderabad made furniture for his own office on 1
st
October 1975. For thishe had spent Rs. 36,000 on materials and Rs. 16,000 on wages. He estimated he life of thefurniture to be 10years. He also estimated that its expected scrap value at the end of its lifewould be Rs. 12,000. He closed his books of accounts on 31
st
March every year. He sold theentire furniture for Rs. 40,000 on 1
st
October 1978. Show the furniture account anddepreciation account for the year ended 31
st
March, 1976, 31
st
March 1977, 31
st
March 1978and 31
st
March 1979.
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