What is Salvage Value

Mavericklewis02 Jun, 2025Other

Salvage value is the estimated resale or scrap value of an asset at the end of its useful life. It’s the amount you expect to recover after the asset is no longer functional for its original purpose. For example, if you’re a car owner, salvage value is the cash you might get for your vehicle’s scrap metal or reusable parts when it’s no longer drivable.