Salvage Value CalculatorAt the bottom you can find a Salvage Value Calculator. The term means the estimated value that an asset will get upon its sale at the end of its useful life. This value is used in accounting to determine depreciation amounts and to determine deductions. The value can be a guess of the end value or can be determined by an official regulatory entity.
The value is obtained by the following formula:
S = salvage value P = original price i = nominal depreciation rate Y = age in years Car Salvage Value - ExampleWhat is the salvage value of Monique's high-end car if it's four years old, she bought it for $49,500 and it depreciates 23% annually?Let's use our calculator and enter... Original Price = 49,500.00 Depreciation rate = 23% Number of years = 4 the result is Salvage Value = $17,400.76
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