prepare a deprecation 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 $12,000. They expect to use the Suburban for five years and then sell the vehicle for $4,500. The following expenditures related to the vehicle were also made on July 1,2025: - The company pays $1,800 to GEICO for a one-year insurance policy. - The company spends an extra $3,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2.000 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 vehicie for Great Adventures. In addition, on October 22,2025 , the company pays $400 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. 3. Prepare a depreciation schedule using the straight-line method