Bill’s wrecker service has just completed a minor repair on a tow truck. the repair cost was $1,550, and the book value prior to the repair was $6,500. in addition, the company spent $12,000 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 $85,000 and related accumulated depreciation account at $32,000. required : after the work was completed, what book value should appear on the balance sheet for the tow truck and the building?

Acontractor was awarded a purchase order for commercial items for $1.5 million under the authority of far subpart 13.5. the purchase order was issued in november 2010 and containedall applicable clauses that were current as of the date of the purchase order. under the purchase order, the contractor is required to comply with a small business subcontracting plan that contains all of the required elements. which of the following is true? a.the contractor must submit a standard form 294, subcontracting report for individual contracts. b.the contractor must submit an individual subcontracting report through the electronic subcontracting reporting system (esrs). c.the contractor may submit either an sf 294 or report its subcontracting through esrs. d.the contractor is not required to submit any subcontracting reports.