A company purchased 3 years lease on 1st April, 2020 for Rs. 25,000. It decided to provide for the replacement of the lease at the end of 3 years by setting up a Depreciation funds. It is expected that investment in government securities will fetch interest at 5%. The sinking fund table shows that to provide for the sum at 5% at the end of three years an investment of rs 7932.22 is required every year. (Investments were made in multiple of Rs 100.) On 31st March 2023 the 5% government securities were sold for rupees 15,250 show necessary A/Cs

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