The following statements pertain to the Salvage value for a property.
S1 : Salvage value is the value of a property at the end of utility period without being dismantled.
S2 : Salvage value include the cost of removal of property and/or its sale.
Check for the validity of statements as True or False and choose the best answer option.
1
Both S1 and S2 are False
2
S1 is False and S2 is True
3
Both S1 and S2 are True
4
S1 is True and S2 is False