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Depreciation — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyDepreciation1 Mark
Question
What is a ‘Scrap Value’ of an asset?
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Answer

The total amount whatsoever received by selling used or obsolete assets or their spare parts is called residual.

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