The ________ of an asset is the value of an asset at the end of its useful life.

Question

Quizplus · Accepted Answer

The salvage value of an asset is the estimated value of an asset at the end of its useful life, after it has been fully depreciated. This value is typically used in calculating the depreciation expense for an asset over its lifetime. A) Depreciation is the process of allocating the cost of an asset over its useful life. B) Principal refers to the original amount borrowed or invested, before interest or other charges are added. D) Death is not relevant in the context of asset valuation.

The ________ of an Asset Is the Value of an Asset