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30 08 Bill's Wrecker Service has just completed a minor repair on a tow truck....

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Accounting

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30 08 Bill's Wrecker Service has just completed a minor repair on a tow truck. The repair cost was $1,050, and the book value prior to the repair was $4,900. In addition, the company spent $9,500 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 company's accounts reflected the Building account at $91,900 and related Accumulated Depreciation account at $43,800. Required After the work was completed, what book value should appear on the balance sheet for the tow truck and the building? Book Value Tow Truck Building

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