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