Question: Econ Services has requested your services in determining the book values of the following assets, respectively. Auto Machinery Historical Accumulated Costs Amortization $20,000 $15,000

Econ Services has requested your services in determining the book values of

Econ Services has requested your services in determining the book values of the following assets, respectively. Auto Machinery Historical Accumulated Costs Amortization $20,000 $15,000 150,000 95,000 General repairs and maintenance for the automobile amounted to $4,000. Machinery maintenance included $2,000 for general upkeep. What are the book values for Auto and Machinery, respectively? $20,000; $150,000 $35,000; $245,000 $1,000; $53,000 $9,000; $57,000 $5,000; $55,000

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