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Required information RWP7-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below] Tony and Suzie see the need for a

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Required information RWP7-1 (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 \$12.600. They expect to use the Suburban for five years and then sell the vehicle for $4,800. The following expenditures related to the vehicle were also made on July 1,2025 - The company pays $1,950 to GEICO for a one-year insurance policy. - The company spends an extra $3,600 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2150 is spent on a deluxe roof rack and a traller hitch. The painting, roof rack, and hitch are all expected to increase the future benelits of the vehicle for Great Adventures. In addition, on October 22,2025 , the company pays $700 for basic vehicle maintenance related to changing the oil. replacing the windshield wipers, rotating the tires, and inserting a new air filter RWP7-1 (Algo) Great Adventures Continuing Case Part 3 3. Prepare a depreciation schedule using the straight-line method

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