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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

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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 $14,000. They expect to use the Suburban for five years and then sell the vehicle for $5,500. The following expenditures related to the vehicle were also made on July 1, 2025: - The company pays $2,300 to GEiCO for a one-year insurance pollicy. - The company spends an extra \$5,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,500 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 $1,400 for basic vehicle maintenance related to changing the oll, replacing the windshield wipers, rotating the tires, and inserting a new air fitter. RWP7-1 (Algo) Great Adventures Continuing Case Part 3 3. Prepare a depreciation schedule using the straight-line method

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