Tony and Suzie see the need for a rugged all - terrain vehicle to transport participants and supplies. They would love to buy a Hummer, but it is just too expensive and too small for their needs, so they settle on a used Suburban. The cost of the Suburban is $13,800. The vehicle is purchased in late June and will be put into use on July 1, 2013. Annual insurance from GEICO runs $1,600 per year. The paint is starting to fade, so they spend an extra $3,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. An additionally $2,900 is spent on a deluxe roof rack and a trailer hitch. They expect to use the Suburban for five years and then sell the vehicle for $4,800. Required: Determine the amount that should be recorded for the new vehicle.( Omit the "$" sign in your response.) Great Adventure Problem 7 -1 Part 3 Prepare a depreciation schedule using the straight - line method. (Omit the "$" sign in your response.) Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is listed for sale at $1,030,000. With the help of his account ant, Bruce projects the net cash flows (cash inflows less cash outflows) from the restaurant to be following amounts over the next 14 years: Bruce expects to sell the restaurant after 14 years for an estimated $1,130,000. Use table 2 and Table 4. Bruce wants to make at least 8% annually on his investment. Calculate the total present value? (Assume all cash flows occur at the end of each year.) ( Do not round PV factors. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Should he purchase the restaurant? Tony and Suzie see the need for a rugged all - terrain vehicle to transport participants and supplies. They would love to buy a Hummer, but it is just too expensive and too small for their needs, so they settle on a used Suburban. The cost of the Suburban is $13,800. The vehicle is purchased in late June and will be put into use on July 1, 2013. Annual insurance from GEICO runs $1,600 per year. The paint is starting to fade, so they spend an extra $3,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. An additionally $2,900 is spent on a deluxe roof rack and a trailer hitch. They expect to use the Suburban for five years and then sell the vehicle for $4,800. Required: Determine the amount that should be recorded for the new vehicle.( Omit the "$" sign in your response.) Great Adventure Problem 7 -1 Part 3 Prepare a depreciation schedule using the straight - line method. (Omit the "$" sign in your response.) Bruce is considering the purchase of a restaurant named Hard Rock Hollywood. The restaurant is listed for sale at $1,030,000. With the help of his account ant, Bruce projects the net cash flows (cash inflows less cash outflows) from the restaurant to be following amounts over the next 14 years: Bruce expects to sell the restaurant after 14 years for an estimated $1,130,000. Use table 2 and Table 4. Bruce wants to make at least 8% annually on his investment. Calculate the total present value? (Assume all cash flows occur at the end of each year.) ( Do not round PV factors. Round your answer to 2 decimal places. Omit the "$" sign in your response.) Should he purchase the restaurant