The term _____ value refer to the estimated proceeds on the disposition of an asset less all removal and selling costs.
A)salvage
B)present
C)future
D)end game
E)current

Question

Quizplus · Accepted Answer

Salvage value refers to the estimated proceeds that can be obtained from selling an asset at the end of its useful life, after deducting any costs associated with removal, disposal, and selling. This value is important in determining the depreciation expense of an asset, as well as its net book value on the balance sheet. Other choices such as present, future, end game, and current values may be relevant in different contexts, but they do not specifically refer to the value of an asset after its useful life.

The Term _____ Value Refer to the Estimated Proceeds on the Disposition