er $8$ Homework

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Exercise $8-16$A $($Algo$)$ Distinguishing between revenue expenditures and capital expenditures LO $8-8$

Bill's Wrecker Service has just completed a minor repair on a tow truck. The repair cost was $$900,$ and the book value prior to the repair was $$5,210.$ In addition, the company spent $$8,500$ to replace the roof on a building. The new roof extended the life of the building by five years. Prior to the roof replacement, the company's accounts reflected the Building account at $$90,900$ and related Accumulated Depreciation account at $$35,300.$

Required:

After the work was completed, what book value should appear on the balance sheet for the tow truck and the building?

$\backslash$table$[[,$Book Value$],[$Tow Truck,$],[$Building$,]]$

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$7$ of $10$

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