_____ is the fixed and determinable value of an asset that will exist when the depreciation process is complete.
A)Useful life
B)Salvage value
C)Book value
D)Disposal value

Question

Quizplus · Accepted Answer

Salvage value is the fixed and determinable value of an asset that will exist when the depreciation process is complete. Useful life refers to the period during which the asset is expected to be useful, book value refers to the value of the asset as recorded in the accounting books, and disposal value refers to the amount received when the asset is sold or disposed of at the end of its useful life. Therefore, the correct answer is B.

_____ Is the Fixed and Determinable Value of an Asset