Question - 33

A noida based constructoin compsny owns 5 cranes and the value of this asset in its book on 1st April 2001 is Rs. 40,00,000 on 1st October 2001 it sold one of irs crane whose value was Rs. 5,00,000 on 1st April 2001 at a 10% profit on the same day it purchased two cranes for Rs. 4,50,000 each prepare cranes account it closed the books on 31st Dec. and provides for depreciation on 10% by written down value method.