Question

.The sale value of an asset after it becomes useless is called ___________ .

(a) Deducted Value

(b) Scrap Value

(c) Market Value

(d) Written Down Value​

Answer 1

the sale value of an asset after it becomes useless is called scrap value

Answer 2

Answer:

The Correct Answer would be (b) Scrap Value. The sale value of an asset after it becomes useless is called as Scrap Value.

Explanation:

Scrap value is basically the cost of all the components of assests, which, in general, are physical, after the asset is no longer in use and have became useless.

When an asset is no longer useful and have gone through it's entire useful life, it becomes a scrap. The price of this asset then is also reduced because the quality and usage is no longer the same. The value of this 'scrap' is often known as Scrap value.