Examlex
Identify the following terms.
-Chandragupta I and Chandragupta 2
Book Value
Book value is the net value of a company's assets as reported on the balance sheet, calculated by subtracting liabilities from the total assets.
Salvage Value
The estimated residual value of an asset at the end of its useful life, used in calculating depreciation.
Market Value
Market value is the price at which an asset would trade in a competitive auction setting, reflecting what a buyer is willing to pay.
Variable Manufacturing Costs
Variable manufacturing costs are expenses that fluctuate with production volume, such as raw materials and direct labor costs.