Carmelita is studying for the next accounting examination She asks your help on two questions (a) What is salvage value (b) How is salvage value used in determining depreciable cost under the straight line method Answer Carmelitas questions ...

a Salvage value is the expected cash value ...

Carmelita is studying for the next accounting examination. She asks your help on two questions: (a) What

Question:

Carmelita is studying for the next accounting examination. She asks your help on two questions:
(a) What is ?
(b) How is used in determining depreciable cost under the straight-line method? Answer Carmelita’s questions.

Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...