Leaderboard
Wiki User
Answered 2008-10-21 00:04:17
scrap value is the residual value of an asset. the valu of an asset which exists after its estimated life period
Your Answer
Still Have Questions?
Related Questions
What is the formula for scrap value?
scrap
Does scrap magnets have a value?
Dose scrap magnets HAVE ANY VALUE
What is scrap in cost accounting?
The main purpose of cost accounting is to provide mangement with financial information necessary
What is the scrap value of a walking liberty half dollar?
They currently have a scrap value of $6.96.
Is the catalytic converter on 1988 chev celebrity worth any money?
Yes, there is scrap metal value.Yes, there is scrap metal value.
What is the meaning of liability in economics accounting?
what is meaning of liability in accounting
What is the scrap value of a copper boiler?
The scrap value of a copper boiler will depend on the actual weight, if it has been cleaned to remove non-copper elements and the market value of scrap copper.
The 4 phases of accounting and their meaning?
four phases of accounting and their meaning
Difference between scrap value and salvage value?
Salvage value is defined as the value of the product after its useful life .In other words it is the value after depreciation. Salvage value also known as scrap value.
What is the value of a civil war cannonball?
Without an impeccable provenance ... scrap iron value. With one... perhaps slightly more than scrap iron value.
Accounting treatment for scrap from material for production?
I imagine one would deduct the amount used from the inital purchase price, or inventory if that is where it came from(You deduct the value of the material inventory used and later add back the scrap value and the value of finished goods). Also adding back any cash from the sale of the salvage like any other asset which is sold for taxation purposes.
What are the latest research topics in accounting?
Fair value accounting
What is the scrap value of aluminium?
About $3.00 a kilo
What are the different type of ledgers in accounting and its meaning?
what are different types of accounting what are different types of accounting
What is Market to market accounting standards?
I think you mean "Mark to Market" which is an accounting technique in which assets are valued at their current market value and not a previous value or future value. Mark to Market is also known as "Fair Value" accounting.
Does the value of scrap metal affect currency rates?
I think it is more of the other way around. The change in currency rates is changing the value of scrap metal.
What is brass scrap metal price?
depends on what type of brass, but probably close to $2 per pound, depending on the area. There are different grades of brass scrap - red brass scrap and yellow brass scrap. Red brass scrap has more value at the scrap yard.
What is the scrap value of metal mercury?
It is almost worthless.
What is substance over form in accounting terms?
is a principal of accounting meaning means fully covered accounting satatements.
What is the meaning of accounting education?
Accounting education is the what you learn about accounting. You can either go to school or learn the information at your job.
What is scrap value?
The estimated value at which an asset is expected to be sold after the end of its useful life.
Do old British coins have any scrap metal value?
Current British coins have no scrap value as such. The Royal Mint ensures that their coins cannot be profited on. Older British coins with a silver or gold content do have a scrap value based on the current value of silver and gold, but in most cases, especially if the coins are in a reasonable condition, they would have a higher collector value.
What is the meaning of 'historical cost accounting'?
Historical cost accounting is an accounting concept that states that all assets in the financial statement should be reported based on their original cost . Example : James buys a building for $2,000,000 ten years ago, the value of the building now is $3,000,000 but in James's accounting records, the building is still recorded as $2,000,000 (less depreciation). No account is taken of the increase in value.
What are the advantages and disadvantages of inflation accounting?
An advantage of inflation accounting, is that it can correct problems with inflation. The negative part about inflation accounting is that it is not fair value accounting.
What is nature meaning and elements of accounting theory?
Accounting Theory is defined as the study of methodologies and financial accounting principles. The Accounting Theory is continuously-evolving and changing.
