At 31 December 2016, Jasa Maju Sdn. Bhd. reported the following as non-current assets. Cost Decumulared Accumulated Depreciation RM Land RM Ner Realizable Value RM 210,000 Buildings 280,500 56,100 224,400 Equipment Total non-current assets 84,000 36,000 32.400 466.800 Equipment consists of Equipment A (cost RM6,000, purchased on 1 January 2012), Equipment B (cost RM50,000, purchased on 1 January 2015) and Equipment 3 (cost RM28,000, purchased on 1 January 2015). During 2017, the following selected transactions occurred: July 1 Purchased new equipment (Equipment 4) for RM35,0000 on account from Heybart Supplies Dec 31 Retired equipment (Equipment ) that cost RM6,000 when purchased on 1 January 2012. No salvage value was received. Dec 31 Market value for land was RM215,000 The company uses the following as a month to month basis depreciation policy: Non Current Assets Buildings Equipment Salvage value Method of depreciation Useful life (year) Straight line Straight line The financial year end for JMSB is 31" December every year. Required: a) Record the adjusting entries for depreciation for 2017. (Show the workings) b) Journalize the above transactions. c) Prepare the non-current assets section of JMSB's Statement of Financial Position as at 31 December 2017 d) Explain the difference between capital expenditure and revenue expenditure