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DP
Question Practice

In the context of asset disposal, what does salvage value refer to?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

In the context of asset dispos...

Single Answer MCQ
Q-00054318

In the context of asset disposal, what does salvage value refer to?

1

Initial cost of the asset

2

Minimum value for resale

3

Total depreciation amount

4

Value before disposal

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Q1.

What is depreciation?

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Q2.

Which method calculates depreciation as a fixed percentage of the book value each year?

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Q3.

What factor does NOT affect the calculation of depreciation?

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Q4.

What is the salvage value in relation to depreciation?

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