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)estimated 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 can be referred to as scrap value, salvage value, or estimated residual value. These terms are often used interchangeably in accounting to describe the same concept.

The Expected Cash Value of a Plant Asset at the End