salvage value
sal
ˈsæl
sāl
vage
vɪʤ
vij
va
lue
lju:
lyoo
/sˈalvɪdʒ vˈaljuː/

Definition & Meaning of "salvage value"in English

Salvage value
01

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

Examples
The salvage value of the old machinery was estimated to be $5,000 after ten years of use.
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