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RWP 7 - 1 ( Algo ) Great Adventures Continuing Case [ The following information applies to the questions displayed below. ] Tony and Suzie

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 $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 $2,300 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter.
RWP7-1(Algo) Great Adventures Continuing Case Part 3
3. Prepare a depreciation schedule using the straight-line method.
Answer is complete but not entirely correct.
\table[[GREAT ADVENTURES],[End of Year Amounts],[Year,,\table[[ciation],[ense]],\table[[Accumulated],[Depreciation]],\table[[Book],[Value]]],[2025,$,2,190,2,190,26,110
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