Practical Question 2 - Accounting for PPE - 13 Marks On 1 July 2018, Obsidian Couners Ltd purchased two motor vehicles Vehicle A and Vehicle B at a cost of $100,000 each. Each vehicle had a useful life of 5 years with zero residual value. These motor vehicles are accounted for using the cost model. On 30 June 2019, after charging depreciation the company decided to change the measurement basis to the revaluation model and the following fair values were determined: Vehicle A $72.000 with a remaining was useful life of 8 years Vehicle B 581.000 with a remaining useful life of 9 years On 31 December 2019, Vehicle A was sold for $65,000 cash The income tax rate is 30% and the company uses straight line depreciation for all property, plant and equipment. Required Prepare all necessary entries related to the motor vehicles from poly 2018 to 31 December 2019, (13 marks)