[The following information applies to the questions displayed below.] Tony and S

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[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 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 additional $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.) Prepare a depreciation schedule using the straight-line method. (Omit the "$" sign in your response.)

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