Scrap value of a property may be both negative or positive. Let's understand this in detail.

Scrap Value of a Property:
Scrap value is the amount that can be obtained by selling off the parts or materials of a property after it has reached the end of its useful life. In other words, it is the value of a property after it has been scrapped or dismantled.

Positive Scrap Value:
When a property is scrapped, the value of the materials or parts may be worth more than the cost of scrapping it. For example, if a building is demolished, the scrap value of the materials such as steel, copper, and aluminum may be more than the cost of demolition. In such cases, the scrap value is positive.

Negative Scrap Value:
On the other hand, if the cost of scrapping a property is more than the value of the materials or parts, then the scrap value is negative. For instance, if a property has toxic materials or hazardous waste, the cost of disposal may be higher than the value of the materials. In such cases, the scrap value is negative.

Both Negative and Positive Scrap Value:
In some cases, the scrap value of a property may be both negative and positive. For example, if a property has hazardous materials that need to be disposed of, the cost of disposal may be higher than the value of the materials. However, if the property also has valuable materials such as copper or aluminum, the value of these materials may be more than the cost of disposal. In such cases, the scrap value is both negative and positive.

Conclusion:
In summary, the scrap value of a property may be both negative and positive, depending on the value of the materials or parts and the cost of scrapping or disposing of the property.