What is the salvage value of an asset - SS1 Accounting Provision For Depreciation On Fixed Assets: Meaning And Calculation of Depreciation Question
What is the salvage value of an asset?
A
The estimated value of the asset at the end of its useful life
B
The initial cost of the asset
C
The cost of maintaining the asset
D
The resale value of the asset
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Correct Option: A
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