Houstons 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 $1,010, and the book value prior to the repair was $4,750. In addition, the company spent $6,000 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 general ledger reflected the Building account at $89,300 and related Accumulated Depreciation account at $44,300.

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

Book Value

Shredding Machine

Building

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91598358

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