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Econ Services Has Requested Your Services in Determining the Book

Question 128

Multiple Choice

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

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