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What is Salvage Value?
9. What is Salvage Value?
- The combined cost of purchase and installation of an asset can be depreciated minus its salvage value.
- The worth of a physical asset's components when the asset itself is deemed no longer usable.
- Represents the value of a company according to the stock market.
- The estimated resale value of an asset at the end of its useful life.
Answer: D) The estimated resale value of an asset at the end of its useful life.
Explanation:
Salvage Value is the assessed resale worth of a resource toward the finish of its helpful life. It is deducted from the expense of a proper resource for deciding how much the resource cost will be devalued. Accordingly, rescue esteem is utilized as a part of the deterioration computation.