Examlex
Which of the following statements about cognitive tools is NOT true?
Salvage Value
An asset's remaining worth estimated at the conclusion of its life of use.
Book Value
Book value is the net value of a company's assets found on its balance sheet, and it is calculated by subtracting liabilities from the total value of assets.
Double-declining-balance
An accelerated method of depreciation which doubles the normal depreciation rate, reducing the asset's book value more quickly.
Salvage Value
The forecasted price an asset will fetch at the time of sale once its period of usefulness is over.
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