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Zell's Shredding Service has just completed a minor repair on a shredding machine. The repair cost was $900, and the book value prior to the repair was $4,990. In addition, the company spent $8,000 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 $86,200 and related Accumulated Depreciation account at $41,300.
Required:
After the work was completed, what book value should Zell's report on the balance sheet for the shredding machine and the building? (Omit the "$" sign in your response.)
Shredding Machine:
Book value would be $ (Click to select)5,8904,990; The cost of the $ repair would be (Click to select)expenses capitalized.
Building:
mce_markernbsp; will be the new book value which comprises the Old book value$, (Click to select)less Add the mce_markernbsp; cost of the new roof that will (Click to select)increase reduce accumulated depreciation.
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