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Q: The scrap value of a building is considered _____ of the cost of construction.
  • A. 15%
  • B. 2%
  • C. 10%
  • D. 5%
Correct Answer: Option C - Scrap value or Salvage value–Salvage value is defined as the value of a fixed or physical asset at the end of its useful life. Scrap value is the value of the dismantled material that means metal dismantled material. We will get the steel, timber, metal etc. In case of machines the scrap value is metal or dismantled parts. In general the scrap value is about 10% of the total cost of construction.
C. Scrap value or Salvage value–Salvage value is defined as the value of a fixed or physical asset at the end of its useful life. Scrap value is the value of the dismantled material that means metal dismantled material. We will get the steel, timber, metal etc. In case of machines the scrap value is metal or dismantled parts. In general the scrap value is about 10% of the total cost of construction.

Explanations:

Scrap value or Salvage value–Salvage value is defined as the value of a fixed or physical asset at the end of its useful life. Scrap value is the value of the dismantled material that means metal dismantled material. We will get the steel, timber, metal etc. In case of machines the scrap value is metal or dismantled parts. In general the scrap value is about 10% of the total cost of construction.