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21 Part 3 of 5 Required Information Great Adventures Problem AP7-1 The following information applies to the questions displayed below Torty and Susie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1 2022. for $12,200. They expect to use the Suburban for five years and then sell the vehicle for $4,600. The following expenditures related to the vehicle were also made on July 2022 6.52 points The company pays $1.850 to GECO for a one year insurance policy The company spends an extra $3.200 to repaint the vehicle, placing the Great Adventures logo on the front hood. back, and both sides, . An additional $2.050 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, 2022, the company pays $500 for basic vehicle maintenance related to changing the oil replacing the windshield wipers, rotating the tires, and inserting a new air filter Great Adventures Problem AP7-1 Part 3 3. Prepare a depreciation schedule using the straight-line method. Book Value BREAT ADVENTURES End of Yearts Deprecated Depreciation 1285 2.570 2.570 2070 2.570 + 2004 2000