Concept: Scrap Value: Scrap Value is the sell value of dismantled materials of an asset at the end of it’s useful life. Scrap Value is counted in the calculation of depreciation of a property, generally @10% of the cost of the Structure. Salvage value: Salvage Value is the Estimated Value of an asset without dismantling it at the end of it’s useful life. Book Value: Book value is the amount shown in the account book after allowing necessary depreciations. The book value of a property at a particular year is the original cost minus the amount of depreciation allowed per year and will be gradually reduced year to year and at the end of the utility period of the property, the book value will be only scrap value. Market Value: The market value of a property is the amount which can be obtained at any particular time from the open market if the property is put for sale. The market value will differ from time to time according to demand and supply.