The value of a depreciable asset at the

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Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The value of a depreciable asset at the end of its useful life is called _____.

Options:

Nominal Value

Book value

Marginal value

Scrap value

Correct Answer:

Scrap value

Explanation:

The correct answer is Option (4) → Scrap value

The value of a depreciable asset at the end of its useful life is called Scrap value