b) The chief accountant of Jitegemea Ltd has encountered difficulties while accounting for fixed assets and the related depreciation in the company's draft accounts for the year ended 30 April 2017. He has decided to seek your professional advice and presented the following balances o fixed assets as at 1 May 2016: Acquisition Accumulated Depreciation Cost Depreciation Rates Sh. Sh. Furniture 900,000 300,000 12.5 Trucks 3,525,000 1,470,000 25 Plant and machinery 7,387,500 4,462,500 10 Land 2,775,000 Nil Buildings 2,925,000 292,500 2.5 The following additional information was also available: 1. It is the company's policy to write off cost of the assets using above percentages on cost. 2. Depreciation is fully charged in the year of acquisition and none in the year of disposal. 3. A three year old machine acquired for sh. 187,500 was sold for sh. 15,750. 4. It has been decided to adjust and charge depreciation on buildings at 4% 5. A used delivery truck purchased three years ago for sh.248,250 was traded in during the year at value of sh. 157,500 in part exchange of the new delivery truck costing sh.450,000. 6. Land, buildings and machinery were acquired for sh. 1,350,000 from a company that went out of business. At the time of acquisition sh. 90,000 was paid to have the assets revalued by a professionally qualified valuer. The revaluation indicated the following market values. Sh. Land 900,000 Buildings 600,000 Machinery 300,000 Required: a) Asset Accounts, Provision for depreciation accounts and disposal accounts if any for Land, building and machinery (15 marks) b) A schedule of movement of fixed assets as requested by the Chief Accountant for inclusion the company's accounts for the year ended 30 April 2017. (15 marks) (Total: 15 marks)