This topic contains 16 replies, has 17 voices, and was last updated by  vaishali 6 years, 1 month ago.

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  • #35543
     Vishnu varadhan 
    Participant
    Rank: Level 3

    It is used in calculating the depreciation and making equipment purchase decisions management will often consider the estimated salvage value of an asset when deciding to make a new equipment purchase because a salvage value will often lower the total cost of the asset over time.

    #35554
     Jayalakshmi. j 
    Participant
    Rank: Level 4

    Salvage value;

    Estimated residual value of a depreciable assets or property the end of its economical or assets life in all methods for determining depreciation salvage value is deducted from the assets purchase price.

    Eg:

    The salvage value was not neglible so we decided to find a buyer for the once thought of scrap metal.

    #35614
     Mounika 
    Participant
    Rank: Level 4

    Estimated residual value of a depreciable asset or property at end of its useful life

    Other word ; residual value

    Usage;

    You should always do your best to salvage value from any product you think it about to depreciate

    #35654
     Nivedha Kannan 
    Participant
    Rank: Level 5

    Salvage value is the estimated value that an asset will realize upon its sale at the end of its useful life.

    It is used as a component of depreciation calculation..

    #35657
     Aravind Kumar 
    Participant
    Rank: Level 4

    Salvage value is the estimated resale valueof an asset at the end of its useful life. Salvage value is subtracted from the cost of a fixed asset to determine the amount of the asset cost that will be depreciated. Thus, salvage value is used as a component of the depreciation calculation.

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