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I need answers to these questions please Tony and Surie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide

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Tony and Surie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1,2025, for $16,000. They expect to use the Suburan for five years and then sell the vehicle for $6,500. The * following expenditures related to the vehutle were also made on July 1, 2025: - The company pays $2,800 to GERCO for a one-year insurance policy - The compary spends an extra $7,000 to repaint the vehicle, placing the Great Adventures logo an the front hood, back, and both sides - Artadditional $3000 is spent on a deluxe roof rack and a trailer hitch. The painting, roof rack, and hach are oll expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October 22. 2025, the compary pays $2,400 for basic vehicle maintenance felated to changing the oil, replacing the windshield wipers, fotating the thes, and inserting a new air fitter. account fielial Journal entry worksheet Recned the expenditures related to the vehide in July 1, 2025, Note: The capitalized cost of the vebicle is fecorded in the tquipinent account

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