The expected cash value of a plant asset at the end of its useful life is known as:
A)scrap value.
B)salvage value.
C)residual value.
D)all of the above.

Question

Quizplus · Accepted Answer

The expected cash value of a plant asset at the end of its useful life is known as scrap value, salvage value, or residual value. These terms are often used interchangeably, but they all refer to the same concept: the estimated amount of cash that can be obtained by selling or disposing of the asset at the end of its useful life.

The Expected Cash Value of a Plant Asset at the End