Is the amount remaining after a depreciated useful life. It refers to the residual or recoverable value of a depreciated asset. Gross salvage value may be adjusted by a removal or disposal cost. This adjustment would lower the gross salvage value.
The remaining value of a piece of property (usually equipment) when it no longer is capable of performing the function or serving the purpose for which it was intended. It is the value of the component parts which may be retained for recycling, reprocessing, or which may be combined with salvageable parts from other comparable property to rebuild a similar piece of property.
Management's estimate of the amount that will be recovered at the end of a capital asset's useful life through a sale or as a trade-in allowance on the purchase of a new asset; also called residual or scrap value.
Salvage value is the value of a capital asset at end of a specified period. Salvage value is also know as scrap value, trade-in value, and residual value. Salvage value is the current market price of an asset being considered for replacement in capital bu
A title designation used when an insurance company purchases an automobile that has been severely damaged (totaled), and then resells it. Each state has different regulations on the sale of salvaged automobiles.