Record the depreciation expense and any other adjustments related to the vehicle on December 31, 2022

Required information [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 supples. They decide to purchase a used Suburban on July 1, 2022 for $14,800. They expect to use the Suburban for five years and then sell the vehicle for $5,900. The following expenditures related to the vehicle were also made on July 1 2022 The company pays $2,500 to GEICO for a one-year insurance policy. The company spends an extra $5,800 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. An additional $2,700 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, 2022, the company pays $1,800 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter 4. Record the depreciation expense and any other adjustments related to the vehicie on December 31, 2022. juf no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet 2 > Record the depreciation expense for the vehicle. terbore credits General Journal Date Dec 31, 2022 Debi Credit Record entry Clear entry View general journal