Calculate the amount to be shown in income & Expenditure A/c -

Sports Equipment as on 1st April 2020 = ₹55,000
Sports Equipment as on 31st March 2021 = ₹70,000
Purchase of equipment during the year = ₹30,000

₹15,000

The correct answer is option 2- ₹15,000.

Depreciation on equipment = Opening balance + Purchase - Closing balance
                                        = 55,000 + 30,000 - 70,000
                                        = 15,000

Depreciation of ₹15,000 is shown on the debit side of income and expenditure account.