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StormLrd StormLrd
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6 years ago
Econ Services has requested your services in determining the book values of the following assets, respectively.

   Historical
Costs   Accumulated
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?
A) $5,000; $55,000
B) $9,000; $57,000
C) $20,000; $150,000
D) $35,000; $245,000
E) $1,000; $53,000
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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pachopacho
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6 years ago
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