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 $48298. Tiger Inc.'s depreciation policy states...

70.2K

Verified Solution

Question

Accounting

On January 1, Tiger Inc. purchased a vehicle for $48298. Tiger Inc.'s depreciation policy states that Vehicles are depreciated straight-line over a useful life of 9 years. If Tiger Inc. recorded $3329 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

Basic Math
1.2K views

If you were given a large data set, such as the sales over the last year...

Finance
1.2K views

ANALYSIS each line1 to 5 RATIOSANALYSIS Profitability Ratios (%) E. commerce Amazon EBay 1)Gross Margin 43% 41.27% 77.37% 2)EBITD Margin 0 28.79% 31.48% 3)Operating Margin 9.41% 5.96% 22.17% 4)Pretax Margin 22.33% 5.57% 24.38% 5) Effective Tax Rate 21% 0% 6.99%

Accounting
1.2K views

Clayton Industries has the following account balances: Current assets $ 24,000 Current liabilities $ 6,000 Noncurrent assets 82,000 Noncurrent liabilities 40,000 Stockholders’ equity 60,000 The company wishes to...

Physics
1.2K views

The radius of a circular coil is R and it carries a current of I...

Basic Math
1.2K views

ATSI Practice 1 Inbox 2020146 ljsd cox Eres Mis YouTube x Added security https classroom...

Basic Math
1.2K views

Suppose that the state motor vehicle licensing fee is figured by multiplying the cost of...

Statistics
1.2K views

assessor wants to assess the Mean property tax bill for all homeowners in a certain...

Calculus
1.2K views

lim f x 0 x a lim g x 0 x a lim h x...

Accounting
1.2K views

The stockholders' equity will increase as a result of the: a. issue of common stock....

Accounting
1.2K views

Hello, I'm looking for help in using cell referencing and formulas in excel to work...

Accounting
1.2K views

En 2021, Nora (28) vivi con su hija Avery (4), su hermano Jack (19) y...

Accounting
1.2K views

canbtou please give me the entries nts June 1 12....