Yes definitely! And it is often the case that book value is lower than market value. Because financial statements are recorded under regulations, the accountants method of recording assets and...
Depends on whether you are talking about an asset or net worth (next time be more specific).Anyway, book value for an asset is the assets cost less any accumulated depreciation.Book value in regard...
NO, salvage value is subjective. The salvage price is usally set by bids.
Depends. If it's salvage the price is very subjective. If it's salvage but reconstructed (i.e. roadworthy) it's...