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

Question

Quizplus · Accepted Answer

Salvage value refers to the estimated value of an asset at the end of its useful life or depreciation process. This value is used in calculating the depreciation expense and is subtracted from the cost of the asset to determine the depreciable base. It represents the amount that could be received if the asset were to be sold or disposed of at the end of its useful life.

_____ Refers to the Fixed and Determinable Value of an Asset