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 equipments during the year - 30,000

₹12,000 ₹15,000 ₹45,000 None of these

₹15,000

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