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Which one should be consider while evaluating fixed assets value ?
In cost accounting, scrap value often refers to the amount that a manufacturer will receive from materials or products that will be scrapped.
Residual value, salvage value and scrap value are three terms that refer to the expected value at the end of the useful life of the property, plant and equipment used in a business. This estimated amount is used in the calculation of an asset’s depreciation expense, and often the amount is assumed to be zero.
The term residual value can also refer to the estimated value of a leased asset at the end of the lease term.
Both are same
Both selvage value and scrap value means the same..
salvage value and scrap value are terms that refer to the expected value at the end of the useful life of the equipment used in a business. This estimated amount is used in the calculation of an asset’s depreciation expense, and often the amount is assumed to be zero.
Salvage value is defined as the value of the product after its useful life .In other words it is the value after depreciation.
Salvage value also known as scrap value.
Salvage Value = what you can sell it for now (as is)
Scrap Value = purchase price - depreciation
Salvage value or Scrap value both are same. And its a value of a fixed asset after its useful life..
there is no diff b/w salvage and scrape value
Salvage Value or Scrap Value is the the value of Fixed Assets after its useful life. This is oftentimes zero. There is no difference.
