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Scrap value is the worth of a physical asset's individual components when the asset itself is deemed no longer usable. The individual components, known as "scrap," are worth something if they can be put to other uses. Sometimes scrap materials can be used as is; other times they must be processed before they can be reused. An item's scrap value is determined by the supply and demand for the materials it can be broken down into
is the value of an asset after it has come to the end of its usfful life
I agree with the answers given.thank you
screp value means remaining value of the asset which is estimated at beginning for calculating depreciation which helps to show better presentation of financial stements
Scrap value is the sum an asset can be sold for after considering full depreciation. it is the amount that can be earned by a company on disposal of a fixed asset after the asset has exceeded its useful life
It's the resell value for the asset at the end of it's life
After depreciation charging of an asset over its useful life fully or partly the resell value of that particular asset is the Scrap Value.
In simple sentence, salvage value is the estimated resale value of an asset at the end of its useful life.
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