17. A Noida based Construction Company owns 5 cranes and the value of this asset in its books on April 01, 2017 is ₹40,00,000. On October 01, 2017 it sold one of its cranes whose value was ₹5,00,000 on April 01, 2017 at a 10% profit. On the same day it purchased 2 cranes for ₹4,50,000 each.

Prepare cranes account. It closes the books on December 31 and provides for depreciation on 10% written down value.