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Salvage value
01
the estimated residual value of an asset at the end of its useful life
Example
At the end of the vehicle's useful life, its salvage value was assessed to determine its final accounting value.
The salvage value of the old machinery was estimated to be $5,000 after ten years of use.
The salvage value of the building was factored into the total cost when planning the demolition and recycling of materials.
The company sold its outdated computers for their salvage value, recovering a portion of the initial investment.
Depreciation schedules often assume a zero salvage value for assets that are expected to be completely worn out.
