salvage value
Pronunciation
/sˈælvɪdʒ vˈæljuː/

Definition & Meaning of "salvage value"in English

Salvage value
01

the estimated residual value of an asset at the end of its useful life

Grammatical Information
Animacy status
Inanimate
Composition
Compound
Countable
Plural form
salvage values
Examples
The salvage value of the old machinery was estimated to be $5,000 after ten years of use.
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