Accounting for IGCSE & O level - Accounting Procedures (Section 12 - No. 39)
What is the salvage value of an asset?
The cost of disposing of the asset.
The amount the asset can be sold for at the end of its useful life.
The asset's original purchase price.
The annual depreciation expense.
Explanation
Salvage value is an estimated amount a company can get for an asset at the end of its useful life.
Comments (0)
