Adjustable Cargo Accessory

A vehicle rack assembly and method is disclosed which includes a base frame having a first side member, a second side member, and a cross structure extending between the first side member and the second side member wherein the rack assembly is configured to cover a bed of a vehicle. The rack assembly also includes a first panel pivotably coupled to the first side member and a first auxiliary panel pivotably coupled to the first panel and a second panel pivotably coupled to the second side member and a second auxiliary panel pivotably coupled to the second panel. The rack assembly is adjustable between a first configuration where the first panel and the second panel are co-planar and a second configuration where the first panel, first auxiliary panel, second panel, and second auxiliary panel are each oriented at an angle to the base plane.