Salvage Value is defines as -

[Dnyan Deshmukh]

Salvage Value is defines as -

(a) Value of old materials in a asset less cost of demolition

(b) Depleted Value of Asset under litigation

(c) Value of Asset realized on sales when its useful span of life is over but still it has not become useless

(d) None of above.

The correct Answer Is
(c) Value of Asset realized on sales when its useful span of life is over but still it has not become useless