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! Required Information [ The following information applles to the questlons displayed below. ] Tony and Suzle see the need for a rugged all -

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[The following information applles to the questlons displayed below.]
Tony and Suzle 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 $12,000. They expect to use the Suburban for five years and then sell the
vehicle for $4,500. The following expenditures related to the vehicle were also made on July 1,2025:
The company pays $1,800 to GEICO for a one-year insurance policy.
The company spends an extra $3,000 to repaint the vehicle, placing the Great Adventures logo on the front hood,
back, and both sides.
An additional $2,000 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 $400 for basic vehicle maintenance related to changing the oil,
replacing the windshield wipers, rotating the tires, and inserting a new air filter.
Prepare a depreclation schedule using the straight-line method.
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