Salvage value is an estimate of an asset's value at the end of its useful life.

Name: Salvage value is an estimate of an asset's value at the end of its useful life.
Brand: Quizplus
Rating: 5.0 (35 reviews)

Question

Quizplus · Accepted Answer

Salvage value is indeed an estimate of an asset's value at the end of its useful life. It represents the expected amount of cash that a company can receive by selling or disposing of an asset after it has reached the end of its useful life.

Salvage Value Is an Estimate of an Asset's Value at the End