What is salvage value?
Explain how expense recognition choices and industry characteristics affect financial performance
What is salvage value?
A salvage value is the estimated resale value at the end of useful
life the assets. For calculating depreciation salvage value is
deducted from cost of fixed assets.It is also called residual
value.It is not discounted to present value.
What is salvage value? Explain how expense recognition choices and industry characteristics affect financial performance