The value of the asset at the end of the useful life is called O a. Book value O b. Useful life O c. Salvage value O d. Cost price

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 9MC: The estimated economic life of an asset is also known as ________. A. residual value B. book value...
icon
Related questions
Question
Choose the best
The value of the asset at the end of the useful life
is called
O a. Book value
O b. Useful life
O c. Salvage value
O d. Cost price
Transcribed Image Text:The value of the asset at the end of the useful life is called O a. Book value O b. Useful life O c. Salvage value O d. Cost price
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College