Scrap value of plant and equipment.
Scrap value of plant and equipment. 
Scrap value of plant and equipment.The scrap value of an asset. Acquisition cost minus salvage value yields the total amount that an as
Also known as Residual Value. The estimated value of an asset, for example a piece of machinery, which is to be scrapped or removed
Is the amount remaining after a depreciated useful life. It refers to the residual or recoverable value of a depreciated asset. It should be noted that the gross salvage value may be adjusted by a removal or disposal cost. This adjustment would lower the gross salvage value. 
- Selling price assigned to retired FIXED ASSETS or merchandise unsalable through usual channels.
Salvage value also called residual or scrap value is the estimated worth of an asset at the end of its useful life. In other words, salvage value is the price management believes it can sell an asset for after the asset is deemed unusable because of time, abuse, and?obsolescence. For non-accountants, the term scrap value makes more sense because th...