CK Limited prepared its accounts for the year ended 31st December 2016. At 1st January 2016 the company had the following balances on its Property Plant and Equipment (PPE) account: At Cost Accumulated Depreciation Plant Motor Vehicles 200,000 170,000 50,000 80,000 During the year the following transactions took place: 1/3/16 30/6/16 Sold plant in 2012 which had cost 48,000 in 2012.The sale price was Purchased additional plant at a cost of 35000 24,000 1/9/16 1/8/16 Purchased a Motor vehicle at a cost of 25.000 Sold a motor Vehicle for 4,000. It had originally cost 20,000 and had been purchased in 2013 The Depreciation policy is as follows Plant Motor vehicles 40% per annum using the reducing balance method 20% per annum using the straight line method You are required to prepare: The Plant account and the Motor Vehicles account for the year ended 31st December 2016 (a) (7 marks) The Accumulated Depreciation accounts for the year ended 31st December 2016 (b) (7 Marks) (c) The Asset Disposal account (4 Marks) Set out your understanding of the difference between Capital and Revenue Expenditure (d) (7 Marks)