Tony and Surie see the need for a rugged all tertain vehicle to transport particlponts and supplics. They decide to putchase a used Suburban on July 1,2025, for $12,200. They expect to use the Suburban for five years ind then seil the vehicle for $4,600. The following expenditures related to the vehicle were also made on July 1,2025: - Thie company pays $1,850 to GEICO 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 sider - An additional $2.050 is spent on a deluxe root rack and a traller hitch. The painting, roof rack, and hitch are all expected to increase the future benefits of the velvicle for Great Adventures, in addition, on October 22, 2025, the company pays $500 for basic vehicle maintenance related to changing the oll, replacing the windshicld wiperf. rotating the tires, and inserting at new air filter