Meaning of Salvage value is ________.
A. Cash to be paid when the asset is disposed of
B. Estimated disposal value
C. Definite sale price of the asset
D. Cash to be received when the life of the asset ends
Answer:B
Meaning of Salvage value is ________.
A. Cash to be paid when the asset is disposed of B. Estimated disposal value C. Definite sale price of the asset D. Cash to be received when the life of the asset ends