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Hi there, could you please explain the difference between salvage value and residual value. Are they...

Hi there, could you please explain the difference between salvage value and residual value. Are they the same?

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Answer #1

Yes ,Slavage value, Residual value and Scrap value are the values that we will get/we will expect to get at end of the useful life of the machinery/at end of the lease period of the machinery. this values used in computation of Depriciation.

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