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 $15,000. Theu expect to use the Suburban for five years and then sell the vehicle for $6,000. The following expenditures related to the vehicle were also made on July 1, 2025:

- The company pays $2,550 to GEICO for 1 year insurance policy

- The company spends an extra of $6,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides

- An additional $2,750 is spent on a deluxe roof rack and a trailer hitch.

The painting, roof rack, and hitch are all expected to increase the future benefots of the vehicle for Great Adventures. In addition, on October 22,2025, the company pays $1,900 for basic vehicle maintenance related to changing the oil, replacing tje windshield wipers, rptatong the tires, and inserting a new air filter.

Question: Prepare a depreciatoon schedule using the straight line method.

Required information [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 $15,000. They expect to use the Suburban for flve years and then sell the vehicle for $6,000. The following expenditures related to the vehicle were also made on July 1,2025: - The company pays $2,550 to GEICO for a one-year insurance policy. - The company spends an extra $6,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,750 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 $1,900 for basic vehicle maintenance related to changing the oll, replacing the windshield wipers, rotating the tires, and inserting a new air filter. 3. Prepare a depreciation schedule using the straight-line method. Answer is complete but not entirely correct