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What is Scrap Value?

7. What is Scrap 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: B) The worth of a physical asset's components when the asset itself is deemed no longer usable

Explanation:

Scrap esteem is the value of an actual resource's singular parts when the actual resource is considered at this point not usable. The singular parts, known as scrap, merit something on the off chance that they can be put to different employments. Here and there scrap materials can be utilized with no guarantees and on different occasions, they should be handled before they can be reused.