An extract from the Statement of Financial Position for Hannah, a sole trader at 3 1 st December 2020 showed the following for Non Current Assets During the financial year ended 3 1 st December 2021 the following transactions took place. [1] The sale of a Non Current Asset on 3 0 th June 2021 for 10 , 000 which cost 120 , 000 when purchased on January 1 st 2017 [2] There was a purchase of a Non Current Asset on 13st May 2021 costing 90 , 000 Hannah's depreciation policy is to provide for depreciation on all Non Current Assets at a rate of 20% per annum using the straight line method (a) Required: Prepare an extract from the Statement of Financial Position at 3 1 st [9] December 2021 showing the Non Current Assets section only (b) Identify the factors relevant to choosing an appropriate method for [5] depreciation (c) Explain why it is important to distinguish between Capital and Revenue [6] Expenditure