Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on january 1, tiger inc. purchased a vehicle for $

On January 1, Tiger Inc. purchased a vehicle for $47827. Tiger Inc.'s depreciation policy states...

70.2K

Verified Solution

Question

Accounting

On January 1, Tiger Inc. purchased a vehicle for $47827. Tiger Inc.'s depreciation policy states that Vehicles are depreciated straight-line over a useful life of 10 years. If Tiger Inc. recorded $2683 in depreciation expense on December 31 when it closes its books, what is the implied salvage value of the vehicle? $ Blank 1. Calculate the answer by read surrounding text. (note: round answer to the nearest whole number; enter numbers only; no commas, periods, etc.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Electrical Engineering
1.2K views

Draw a power system with multiple sources and show how synchronization will br completed including the protection

Physics
1.2K views

Two metal strips of length each are placed parallel to each other in contact with...

Geometry
1.2K views

Felipe jogs 1 3/5 miles from his house. He then jogs 2 1/4 miles farther....

Basic Math
1.2K views

Please identify what part of the ML process is represented by the activities described in...

Calculus
1.2K views

Find the average value fave of f x x5 between 1 and 1 then find...

Calculus
1.2K views

A concert manager counted 33 ticket receipts the day after a concert The price for...

Algebra
1.2K views

Find the center foci and vertices of the ellipse Graph the equation x 2 y...

Accounting
1.2K views

On July 1, 2018, Spear Co. issued 2,000 of its 10%, $1,000 bonds at 103...

Accounting
1.2K views

McElroy, Incorporated produces a single model of a popular cell phone in large quantities. A...

Accounting
1.2K views

Blue Marlin Company is considering the purchase of new equipment for its factory. It will...

Finance
1.2K views

Bella Limited, a software development company is contemplating the acquisition of Bong Limited by means...

Finance
1.2K views

In 30 years, what will be the approximate value of $1,000 that is saved at...