Continue with the case of Shiva Industries Ltd. as above. In the beginning of the 6th year, a valuer appraises the machine to be worth Rs. 97.50 lakh with an estimated residual value of Rs. 4,87,500.

Required

1. Determine the depreciation on the revalued amount.
2. Determine the amount of revaluation reserve.
3. Show the disclosure of machine and depreciation in the balance sheet from the 6th year onwards.
4. Show the disclosure of revaluation reserve in the balance sheet from the 6th year onwards.
Attempt all these requirements under both the methods of depreciation.