Houstonrsquos shredding service has just completed a minor, Ask an Expert

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Houston’s Shredding Service has just completed a minor repair on a shredding machine. The repair cost was $1,030, and the book value prior to the repair was $4,780. 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 general ledger reflected the Building account at $87,500 and related Accumulated Depreciation account at $37,800.

Required After the work was completed, what book value should Houston’s report on the balance sheet for the shredding machine and the building?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91960851

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