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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
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Phoniex University
Oct-2001 - Nov-2016
 6-15                     Distinguishing between revenue expenditures and capital expenditures
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 $5,000. 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 $90,000 and related Accumulated Depreciation account at $40,000.
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Required
After the work was completed, what book value should Zell’s report on the balance sheet for the shredding machine and the building?
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