Econ Services has requested your services in determining the book values of the following assets, respectively. 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
Correct Answer:
Verified
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