QUESTION THREE a) Distinguish between sale of shares at a discount and sale of shares at a premium. (2 Marks) b) Explain three features that distinguish capital expenditure from revenue expenditure. (3 Marks) c) On \\( 1 / 1 / 20 \\), the business bought a lorry at shs 248,000 cash. Due to wear and tear, this lorry was depreciated at a rate of \25 per annum on net book value. On \\( 31 / 12 / 22 \\), this lorry was sold at shs. 114,000 cash. Depreciation is calculated on prorata basis during the year of disposal . The accounting year of the entity begins on \\( 1^{\\text {st }} \\) Jan and ends on \\( 31^{\\text {st }} \\) Dec each year