salvage value

salvage value
salvage value n
1: the value of damaged property
2: the actual or estimated value realized on the sale of a fixed asset at the end of its useful life
◇ Salvage value is used in calculating depreciation.

Merriam-Webster’s Dictionary of Law. . 1996.

salvage value
The value of an item after its useful life has ended; the value of a building scheduled to be moved or destroyed, as in condemnation.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


salvage value
n. An asset'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.

Webster's New World Law Dictionary. . 2000.

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Look at other dictionaries:

  • Salvage value — Scrap value of plant and equipment. The New York Times Financial Glossary Scrap value of plant and equipment. Bloomberg Financial Dictionary * * * salvage value ˈsalvage ˌvalue noun [uncountable] ACCOUNTING the value of equipment, machinery etc… …   Financial and business terms

  • salvage value — See residual value * * * salvage value ˈsalvage ˌvalue noun [uncountable] ACCOUNTING the value of equipment, machinery etc owned by a company if it is sold at the end of its useful life: • The expected salvage value of the truck at the end of… …   Financial and business terms

  • Salvage Value — The estimated value that an asset will realize upon its sale at the end of its useful life. The value is used in accounting to determine depreciation amounts and in the tax system to determine deductions. The value can be a best guess of the end… …   Investment dictionary

  • salvage value — scrap value The net residual value of an asset at the end of its useful life, when it is no longer suitable for its original use. Fixed assets, stock, or waste arising from a production process can all have a salvage value …   Accounting dictionary

  • salvage value — scrap value The net realizable value of an asset at the end of its useful life, when it is no longer suitable for its original use. Fixed assets, stock, or waste arising from a production process can all have a salvage value …   Big dictionary of business and management

  • salvage value — antrinio panaudojimo vertė statusas T sritis turto vertinimas apibrėžtis Turto, kurio naudojimo pagal paskirtį ekonominis amžius baigėsi, vertė. Toks turtas dar gali būti vertingas naudoti kitais tikslais arba gali būti perdirbtas. atitikmenys:… …   Lithuanian dictionary (lietuvių žodynas)

  • salvage value — noun : an amount estimated as expected to be realized or actually realized on sale of a fixed asset at the end of its useful life used in calculating depreciation …   Useful english dictionary

  • Salvage — may refer to:* Salvage (Transformers), an Autobot from Transformers * Salvage archaeology, an archaeological survey and excavation carried out in areas threatened by construction or development * Salvage data, the process of extracting data from… …   Wikipedia

  • salvage — In general, that portion of goods or property which has been saved or remains after a casualty such as fire or other loss. In business, any property which is no longer useful (e.g. obsolete equipment) but which has scrap value. In insurance, that …   Black's law dictionary

  • value — The utility of an object in satisfying, directly or indirectly, the needs or desires of human beings, called by economists value in use, or its worth consisting in the power of purchasing other objects, called value in exchange. Joint Highway… …   Black's law dictionary

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