2. On Aprill of Year 1. ABC Compory purchased a Company car with a cost of 540,000 and A uncful life of 100,000 milew withan salvege value at that time of $15,000. The car was diriven 20,000 miles in Year 1 and 50,000 miles in Year 2 In Year 3 , it was dectided that the car woule only last 20,000 more miles and the salvage value at that time would anly be 55,500 . The cae Was driven 15,000 miles in Year 3 and 6,900 miles in Year 4 It was sold for $4800 at that tirme the iournal entries need from purchase to bale for this car 2. On Aprill of Year 1. ABC Compory purchased a Company car with a cost of 540,000 and A uncful life of 100,000 milew withan salvege value at that time of $15,000. The car was diriven 20,000 miles in Year 1 and 50,000 miles in Year 2 In Year 3 , it was dectided that the car woule only last 20,000 more miles and the salvage value at that time would anly be 55,500 . The cae Was driven 15,000 miles in Year 3 and 6,900 miles in Year 4 It was sold for $4800 at that tirme the iournal entries need from purchase to bale for this car