salvage value
Plural
salvage values
1
the estimated residual value of an asset at the end of its useful life
- The salvage value of the old machinery was estimated to be $5,000 after ten years of use.
- 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 building was factored into the total cost when planning the demolition and recycling of materials.
- Depreciation schedules often assume a zero salvage value for assets that are expected to be completely worn out.
- The company sold its outdated computers for their salvage value, recovering a portion of the initial investment.