Depreciation-Straight line Method and Loss on sale of Asset

Hi! Welcome to Commerce class. This video is made for students of accountancy. In this video Ms. Suman Rathore(M.com, B.Ed, PGDEAS) has explained the straight line method of depreciation and how to calculate profit or loss on sale of asset with the help of a practical question which is given below:
Ques:- On 1st January,2016, A Ltd. purchased a machine for Rs. 2,40,000 and spent Rs.10,000 on its erection. On 1st july,2016 an additional machinery costing Rs.1,00,000 was purchased. On 1st July,2018 the machine that was purchased on 1stJanuary,2016 was sold for Rs.1,43,000 and on the same date, a new machine was purchased at a cost of Rs.2,00,000.
Show the machinery account for the first three calender years after charging depreciation at 5% by Straight Line Method.