A company's estimate of the expected salvage value of a fixed asset is related to its estimate of the expected useful life of the asset.

Name: A company's estimate of the expected salvage value of a fixed asset is related to its estimate of the expected useful life of the asset.
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Quizplus · Accepted Answer

This is because the salvage value is the estimated value of the asset at the end of its useful life, so the estimate of the salvage value is based on the estimate of the useful life.

A Company's Estimate of the Expected Salvage Value of a Fixed