Computer · Estimating and Costing
In valuation, 'scrap value' refers to the:
- 1Market value of the building
- 2Value of dismantled materials (trash/waste value) minus cost of demolition✓
- 3Book value of the property
- 4Value of a useful asset in working condition
Correct answer
Value of dismantled materials (trash/waste value) minus cost of demolition
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