Salvage value is not subtracted from plant asset cost in determining depreciation expense under the declining-balance method of depreciation.

Question

Quizplus · Accepted Answer

Salvage value is not subtracted from plant asset cost in the declining-balance method, instead it is used as a minimum value for the asset at the end of its useful life to ensure that it is not depreciated below that amount.

Salvage Value Is Not Subtracted from Plant Asset Cost in Determining