Disposal value is based on determining the price of either a new asset or a used asset for which there is an organized market.

Question

Quizplus · Accepted Answer

Disposal value typically refers to the estimated selling price of an asset at the end of its useful life, not the price of a new asset or a used asset in an organized market. It is concerned with the value an asset can fetch when it is disposed of or sold, often as scrap or for parts.

Disposal Value Is Based on Determining the Price of Either