Scrap Value or Junk Value or Breakup Value or Demolition 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
(d) the Value that can be realized if the assets were to be removed from the foundation and sold as separate stand alone items.
(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
(d) the Value that can be realized if the assets were to be removed from the foundation and sold as separate stand alone items.
