Depreciation about
MPR Sanjay Kumar (3118 Points)
14 November 2021
what is mean by salvage value is residual value scrap value and salvage value all these are same how to find out
3 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 14 November 2021
Salvage value is the estimated resale value of an asset at the end of its useful life. It is subtracted from the cost of a fixed asset to determine the amount of the asset cost that will be depreciated. Thus, salvage value is used as a component of the depreciation calculation.
MPR Sanjay Kumar
(3118 Points)
Replied 14 November 2021
Could you please give some examples with practical
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 14 November 2021
Access it at Google
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