Depreciation, Provisions and Reserves

Azad Ltd. purchased furniture on October 01, 2014 for ` 4,50,000. On March
01, 2015 it purchased another furniture for ` 3,00,000. On July 01, 2016 it
sold off the first furniture purchased in 2014 for ` 2,25,000. Depreciation is
provided at 15% p.a. on written down value method each year. Accounts are
closed each year on March 31. Prepare furniture account, and accumulated
depreciation account for the years ended on March 31, 2015, March 31, 2016
and March 31, 2017. Also give the above two accounts if furniture disposal
account is opened