Salvage value is the most flexible criteria for analysing a financial investment. 'Salvaging' means
A. Disposing off a machine/property on as is where is basis
B. Disposing off machine/property, which is no longer useful in the present scenerio
C. Mortgaging the obsolete machine/property
D. Writing off the obsolete machine/ property
Answer: Option B
This Question Belongs to Chemical Engineering >> Chemical Engineering Basics
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