Question

what is scrap value?? In simple words.​

Answer 1

Answer:

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

Answer:

Residual Value.

Explanation:

Residual value is one of the constituents of a leasing calculus or operation. It describes the future value of a good in terms of absolute value in monetary terms and it is sometimes abbreviated into a percentage of the initial price when the item was new. Example: A car is sold at a list price of $20,000 today.