Salvage value is sometimes known as ______.

Answer: Option A

Salvage value is the estimated residual value of an asset at the end of its useful life. It represents the amount that can be recovered by selling the asset after it is no longer usable for its intended purpose. This value is sometimes referred to as scrap value, which indicates the worth of the asset in its dismantled or recycled state. The other terms, such as going value, junk value, and second-hand value, may refer to different aspects of an asset's worth but do not specifically denote the residual value at the end of its useful life as accurately as the term "scrap value."