Solve this:

Q20. B. Balan started business on 1^st January, 2014, and on that date purchased machinery for Rs. 50,000. He decided to close his books each year on 31^st December and to depreciate machinery at 10% p.a. on the orighinal cost, assuming no scrap value at the end of the life of the machine.

  On 1^st July of the following year he purchased another machine for Rs.20,000.
You are required to show:

  (a) the Machinery Account as it would appear in the ledger from 1^st January, 2014 to 31^st December. 2016; and 

  (b) how this asset would appear in the Balance Sheet on 31^st December,2016.