alleryStart learning →Which item is another name for the expected salvage value of an asset?
AClosing book value
BResidual value
CMarket capitalisation
DNominal face value
Answer & Solution
Correct answer: B. Residual value
Salvage value and residual value mean the same expected amount at the end of life.
Keep practising Property, Plant and Equipment
Browse all Property, Plant and Equipment questions for CA Inter, or explore more Accounting topics.
Related questions
Depletion applies to which type of asset?If book and tax depreciation rates differ for a company, what does this create?Depreciation methods that charge more in early years are described as what?Which method is described as the simplest and most often used depreciation method?Yearly depreciation is debited to expense and credited toNet book value of an asset is the historical cost less what?Machine cost Rs 1,20,000, expected sale Rs 15,000, disposal cost Rs 5,000. Residual value?How is a capital expenditure recorded in the books?