The pretax salvage value of an asset is equal to the:
A)book value if straight-line depreciation is used.
B)book value if MACRS depreciation is used.
C)market value minus the book value.
D)book value minus the market value.
E)market value.

Question

Quizplus · Accepted Answer

The pretax salvage value of an asset is the market value at which the asset can be sold before accounting for taxes.

The Pretax Salvage Value of an Asset Is Equal to The