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Econ Services has requested your services in determining the book values of the following assets, respectively. Historical Accumulated Costs Amortization Auto $20,000 $15,000 Machinery
Econ Services has requested your services in determining the book values of the following assets, respectively. Historical Accumulated Costs Amortization Auto $20,000 $15,000 Machinery 150,000 95,000 General repairs and maintenance for the automobile amounted to $4,000. Machinery maintenance included $2,000 for general upkeep. What are the book values for Auto and Machinery, respectively?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
