Question: need help with this, ASAP!!! Exerclse 8-16A (Algo) Distingulshing between revenue expenditures and capltal expenditures LO 8-8 Biils Wrecker Service has just completed a minor
Exerclse 8-16A (Algo) Distingulshing between revenue expenditures and capltal expenditures LO 8-8 Biils Wrecker Service has just completed a minor repair on a tow truck. The repair cost wa5 $960, and the book value prior to the repair was $5,100. In addition, the compary spent $8,500 to replace the roof on a building. The new roof extended the life of the buliding by five years. Prior to the roof replacement, the general ledger reflected the Buliding account at $88.800 and related Accumututed Depreciation account at $35,400. Required After the work was completed, what book value should appear on the balance sheet for the tow truck and the building
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