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salvage value Finance Definition
The value of an asset that is estimated to remain after the asset is fully depreciated. Salvage value is subtracted from the acquisition cost of the asset before depreciation is calculated. Also called residual value.
salvage value Law Definition

n

An assetÂ’s value after it has become useless to the owner. It is often figured through some means of depreciation and must be subtracted from the basis.

Browse dictionary entries near salvage value

  1. ‹ salvage
  2. ‹ Salvadoran
  3. ‹ Salvador
  4. ‹ salvable
  5. ‹ salute
  6. ‹ salutatory
  7. ‹ salutatorian
  8. ‹ salutation
  9. ‹ salutary
  10. ‹ Saluki
  1. salvation ›
  2. Salvation Army ›
  3. salve ›
  4. salver ›
  5. salverform ›
  6. salvia ›
  7. salvific ›
  8. salvo ›
  9. salvor ›
  10. Salween ›