Salvage value is not the same as
A)carrying value.
B)residual value.
C)disposal value.
D)scrap value.

Name: Salvage value is not the same as A)carrying value. B)residual value. C)disposal value. D)scrap value.
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Question

Quizplus · Accepted Answer

Salvage value is synonymous with residual value, disposal value, and scrap value, all referring to the estimated value of an asset at the end of its useful life. Carrying value, however, is the asset's cost minus its accumulated depreciation, which is a different concept.

Salvage Value Is Not the Same as