Project $2-$ Great Adventures

$23\mathrm{.}69/40$

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Part $3$ of $5$

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RWP$7-1($Algo$)$ Great Adventures Continuing Case

$[$The following information applies to the questions displayed below.$]$

Tony and Suzie 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 $$15,800.$ They expect to use the Suburban for five years and then sell the vehicle for $$6,400.$ The following expenditures related to the vehicle were also made on July $1,2025$:

The company pays $$2,750$ to GEICO for a one$-$year insurance policy.

The company spends an extra $$6,800$ to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides.

An additional $$2,950$ 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. In addition, on October $22,2025,$ the company pays $$2,300$ for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter.

RWP$7-1($Algo$)$ Great Adventures Continuing Case Part $3$

Prepare a depreciation schedule using the straight$-$line method.

$\backslash$table$[[$GREAT ADVENTURES$],[$End of Year Amounts$],[$Year$,,\backslash$table$[[$ciation$],[$nse$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],\backslash$table$[[$Book$],[$Value$]]],[2025,$$$,1,880,1,880,$$$,13,920x$