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Privatisation

What is 'Scra...

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What is 'Scrap Value' of an asset?

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Solution

Total amount whatsoever received by selling used or obsolete asset or its spare parts is called residual value or scrap value.

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Q. Scrap value of an asset means the amount that it can fetch on sale at the _______ of its useful life:

Q. Depreciation = Cost of asset less scrap value / Estimated working _____ of assets.

(Cost of the asset minus scrap value)/ Life of the asset is the formula of ___

D e p r e c i a t i o n = \frac{Cost of Asset less Scrap Value}{Estimated Working ____________ of Asset}

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Q. The value of an asset is Rs.9,00,000 and scrap value is Rs.1,25,000. If the life of asset is 10 years, then the cost of depreciation is . (SLM Method)

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