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Select the most appropriate answer from the alternatives given below and rewrite the sentence: The amount that a fixed asset is expected to realise on its disposal is known as ______ - Book Keeping and Accountancy

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Question

Select the most appropriate answer from the alternatives given below and rewrite the sentence:

The amount that a fixed asset is expected to realise on its disposal is known as ______

Options

  • Book value

  • Scrap value

  • Market value

  • Original value

MCQ
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Solution

The amount that a fixed asset is expected to realise on its disposal is known as Scrap value.

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Chapter 7: Depreciation - Exercises [Page 242]

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