Bill's Wrecker Service has just completed a minor repair on a tow truck. The repair cost was $800, and the book value pr

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Bill S Wrecker Service Has Just Completed A Minor Repair On A Tow Truck The Repair Cost Was 800 And The Book Value Pr 1 (21.71 KiB) Viewed 12 times

Bill's Wrecker Service has just completed a minor repair on a tow truck. The repair cost was $800, and the book value prior to the repair was $5,370. In addition, the company spent $7,000 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 $86,200 and related Accumulated Depreciation account at $38,500. Required After the work was completed, what book value should appear on the balance sheet for the tow truck and the building? Tow Truck Building Book Value