Identify the following factors as either economic (tangible) or noneconomic (intangible): first cost, leadership, taxes, salvage value

Question:

Identify the following factors as either economic (tangible) or noneconomic (intangible): first cost, leadership, taxes, salvage value, morale, dependability, inflation, profit, acceptance, ethics, interest rate.

Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...