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Exercise 8 - 1 6 A ( Algo ) Distinguishing between revenue expenditures and capital expenditures LO 8 - 8 Bill's Wrecker Service has just

Exercise 8-16A (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 $930, and the book value prior to the repair was $4,690. 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 company's accounts reflected the Building account at $93,700 and related Accumulated Depreciation account at $38,300.
Required:
After the work was completed, what book value should appear on the balance sheet for the tow truck and the building?
\table[[,Book Value],[Tow Truck,4,690],[Building,]]
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