Bookkeeping

Salvage Value Formula

Salvage Value Formula

January 06, 2019. Salvage value is the estimated resale value of an asset at the end of its useful life. It is subtracted from the cost of a fixed asset to determine the amount of the asset cost that will be depreciated. Thus, salvage value is used a...
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How to Calculate Sales Mix Variance

How to Calculate Sales Mix Variance

This concept is used when a major proportion of sales are likely to decline or in period of recession or economic turn down. Managers can better make better production and sales decision if they know the margin of safety for a particular product or s...
Gross Margin vs. Profit Margin: What’s the Difference?