ON JANUARY 1, 2016 VADAR SOLD the Jedi sword for $54000. Make the journal entry Vadar makes when it sells the sword. Part 1 5 points: On July 1, 2014 The Vadar Company purchased 3 assets as described below Millenium Falcon cost $900,000 life 10 years $100,000 salvage Jedi Sword cost $80,000 life 12 years salvage $8000 Speeder cost $25,000 life 8 years salvage $1000 Vadar elects to depreciate the Millenium Falcon using straight-line; the sword using double declining balance and the speeder using sum of the year's digits.