Question

The stock which is rescued from fire is ______.

a. Scrap.

b. Defectives.

c. Salvaged stock.

d. Claim ​

Answer 1

Answer:

b) Salvaged stock

Explanation:

This term commonly refers to the scrap value of damaged property. In property insurance, salvage value (e.g., scrap value) will be subtracted from any loss settlement if the insured retains the damaged property.

Answer 2

The stock which gets rescued from fire is known as Salvaged stock.

Salvaged stock value is the assessed book worth of an asset after devaluation is finished, in view of what an organization hopes to get in return for the asset toward the completion of its valuable life. In such a case, an asset's assessed salvaged stock value is a significant part of the computation of a depreciation plan. Every single organization will have its own guidelines for assessing salvage value.