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Great Adventures Problem 7-1 The following Information apples to the questions displayed below Tony and Suzie see the need for a rugged all terrain vehicle

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Great Adventures Problem 7-1 The following Information apples to the questions displayed below Tony and Suzie see the need for a rugged all terrain vehicle to transport parti ants and supples. They decide o purchase a used Su un an. The cost ofthe Suburban S 400. The e e S chased n b e June and will be put into use on July 1, 2019. Annual insurance from GEICO runs $2,100 per year. The paint is starting to fade, so they spend an extra $3,600 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. An additional $2,600 is spent on a deluxe roof rack and a trailer hitch. The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures. They expect to use the Suburban for five years and then sell the vehicle for $5,100

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