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What is Salvage Value?

9. What is Salvage Value?

1. The combined cost of purchase and installation of an asset can be depreciated minus its salvage value.
2. The worth of a physical asset's components when the asset itself is deemed no longer usable.
3. Represents the value of a company according to the stock market.
4. The estimated resale value of an asset at the end of its useful life.

Answer: D) The estimated resale value of an asset at the end of its useful life.

Explanation:

Salvage Value is the assessed resale worth of a resource toward the finish of its helpful life. It is deducted from the expense of a proper resource for deciding how much the resource cost will be devalued. Accordingly, rescue esteem is utilized as a part of the deterioration computation.