salvage value
noun
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
Note: Salvage value is used in calculating depreciation.
Dictionary Entries Near salvage value
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“Salvage value.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/salvage%20value. Accessed 25 Nov. 2024.
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