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Bill's Wrecker Service has just completed a minor repair on a tow truck. The repair...

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Accounting

Bill's Wrecker Service has just completed a minor repair on a tow truck. The repair cost was $1,100, and the book value prior to the repair was $4,930. In addition, the company spent $6,500 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 general ledger reflected the Building account at $93,900 and related Accumulated Depreciation account at
6.66
$42,400.
points
Required
After the work was completed, what book value should appear on the balance sheet for the tow truck and the building?
\table[[,Book Value],[Tow Truck,],[Building,]]
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