Neula Rahul Naikwadi Geller Ltd owned the following vehicle as at 1 July 2018: Vehicle $ 450 000 Accumulated Depreciation (150 000) 300 000 The vehicle was purchased on 1 July 2016 and has a useful life of 6 years and a zero residual value. The company use straight-line depreciation for all property, plant, and equipmentGeller Ltd had adopted fair value for the valuation of vehicles On 30 June 2019, Geller Ltd hd an independent valuer who assessed the value of the vehicle to be $240 000 with a remaining useful life of 4 years and a zero-residual value. On 1 January 2020, the vehicle was revalued again to its fair value of $190 000 with a remaining useful life of 2 years and residual value of $2 000 AENG > O BI Search hp 33 SCHOOL U Help Me Netra Rahul Naikwad On 1 January 2020, the vehicle was revalued again to its fair value of $190 000 with a remaining useful life of 2 years and residual value of $2 000. Geller Ltd purchased equipment on 29 June 2020 for $50,000 cash. Transport and installation cost of $2,345 were paid on 30 June 2020. (ignore the depreciation of equipment on 30 June 2020) Tax rate is 30%. The financial year ends on 30 June. Required Prepare any necessary entries from 1 July 2018 to 30 June 2020. Narrations are not required. (13 marks) F 7 i B L 1 RI Search hp