Illustration $13$ On $01\mathrm{.}01\mathrm{.}2014,$ the balance of Machinery Account was $97,200.$ On $01\mathrm{.}07\mathrm{.}2014,$ a new machine was purchased for $48,000.$ The installation expenses are $2,000.$ On $01\mathrm{.}09\mathrm{.}2014,$ an old machine was sold for $\backslash (12,000\backslash )($the original cost of which was $20,000$ on $01\mathrm{.}01\mathrm{.}2012).$ Machinery is depreciated at $\backslash (10\backslash \%\backslash )$ p$.$a$.$ under the diminishing balance method. Show Machinery Account for $2014.$ The books are closed on $31$st December every year. $[$C$.$U$.$B$.$Com. $($General$)2015]$