Exercise $8-16$A $($Algo$)$ Distinguishing between revenue expenditures and capital expenditures LO $8-8$

Bill's Wrecker Service has just completed a minor repair on a tow truck. The repair cost was $$920,$ and the book value prior to the

repair was $$4,710.$ In addition, the company spent $$7,000$ 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 $$88,300$ and related

Accumulated Depreciation account at $$38,100.$

Required

After the work was completed, what book value should appear on the balance sheet for the tow truck and the building?