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Required Informatlon RWP 7 - 1 ( Algo ) Great Adventures Continuing Case [ The following information applles to the questions displayed below. ] Tony

Required Informatlon
RWP7-1(Algo) Great Adventures Continuing Case
[The following information applles to the questions displayed below.]
Tony and Suzle see the need for a rugged all-terrain vehicle to transport participants and supplles. 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 repalnt the vehicle, placing the Great Adventures logo on the front hood,
back, and both sides.
An additional $2,150 is spent on a deluxe roof rack and a traller 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 $700 for basic vehicle malntenance related to changing the oll,
replacing the windshield wipers, rotating the tires, and Inserting a new alr filter.
RWP7-1(Algo) Great Adventures Continuing Case Part 3
Prepare a depreclation schedule using the straight-Ilne method.
*ied text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points
deducted.
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