Question

Scrap value is also known as? • Break up value • Salavage Value • Residual value • All the above
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Answer 1

Scrap value is the worth of a physical asset's individual components when the asset itself is deemed no longer usable.

Scrap value is also known as residual value, salvage value, or break-up value. Scrap value is the estimated cost that a fixed asset can be sold for after factoring in full depreciation.

Answer 2

Scrap value is also known as residual value, salvage value, or break-up value. Scrap value is the estimated cost that a fixed asset can be sold for after factoring in full depreciation.