salvage value

Popular Terms
Estimated residual value of a depreciable asset or property at the end of its economical or useful life. In all methods for determining depreciation (except the double declining balance depreciation method) salvage value is deducted from the asset's purchase price. When the cost of an asset less its accumulated depreciation equals its salvage value, no more depreciation may be taken.

Use 'salvage value' in a Sentence

I wondered if thee was some salvage value left in the item and we could somehow still get a profit out of it.
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The salvage value was not negligible so we decided to find a buyer for the once thought of scrap metal.
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You should always do your best to salvage value from any product you think it about to expire or depreciate.
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