The cost of plant assets less the accumulated depreciation is called the salvage value of the asset.

Name: The cost of plant assets less the accumulated depreciation is called the salvage value of the asset.
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The cost of plant assets less the accumulated depreciation is called the book value or carrying value of the asset, not the salvage value. Salvage value is the estimated amount that an asset is worth at the end of its useful life.

The Cost of Plant Assets Less the Accumulated Depreciation Is