Question

Wat is scrap value

Wat is depreciation

Answer 1

Scrap Value is the value or price of the assets which is no longer in use.

Depreciation means the decreasing amount of assets per year due to regular in use.

Answer 2

• 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.
• In accountancy, depreciation refers to two aspects of the same concept: first, the actual decrease of fair value of an asset, such as the decrease in value of factory equipment each year as it is used ..

hope it helps you