The value of an asset after all allowable depreciation has been taken is called:
A)depreciable value.
B)market value.
C)salvage value.
D)trade-in value.

Question

Quizplus · Accepted Answer

After all allowable depreciation has been taken, the remaining value of an asset is called its salvage value. Depreciable value refers to the value of an asset that can be depreciated over its useful life, while market value refers to the current value of an asset in the market. Trade-in value is the value an asset can be traded for in exchange for another asset or payment.

The Value of an Asset After All Allowable Depreciation Has