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WAEC Agricultural Science 2012 Question 59

Question 59

Farm Management and Records

The price of a fixed asset at the end of its useful life is called

  1. A.salvage value.
  2. B.depreciation value.
  3. C.annual depreciation.
  4. D.appreciation value.
Show the answer and explanation

Answer: A (salvage value.)

Explanation

What an asset is worth when it is finally sold or scrapped is its salvage value.