Model: Partial replacement of asset An electricity company laid down a main at the cost of Rs.30,00,000. Some years later, the company laid down an auxiliary main for one-third of the length of the old main at a cost of Rs.12,00,000. It also replaced the rest of the length of old main at a cost of Rs.36,00,000. The costs of materials and labour have gone up by 20%. Sale of old materials realized Rs.1,00,000. Old materials valued at Rs.1,00,00 were used in the renewal and old materials valued at Rs.1,50,000 were used in the auxiliary main. Give the journal entries for recording the above transactions and show the capital expenditure and revenue expenditure.