Salvage value is:
A. A factor relevant to determining depreciation that cannot be revised during an asset's useful life.
B. A factor relevant to determining depreciation under MACRS.
C. Not a factor relevant to determining depletion.
D. A factor relevant to amortizing an intangible asset with an indefinite life.
E. An estimate of the asset's value at the end of its benefit period.
Answer: E
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