Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z 

Salvage Value

Salvage Value Definition

Salvage Value refers to the approximate value that an asset will bring after it is sold.  This value is used to figure out depreciation amounts.  It can also help determine deductions in a tax system.  For example, if you are donating your car for tax deduction purposes, the amount of the deduction depends on the salvage value of the car. 


Additional meaning of Salvage Value:

It is often an estimated value unless outlined by the IRS or another regulatory organization.









Ask a Question

Learn the famous formula for money-making, based upon the THIRTEEN PROVEN STEPS TO RICHES! Get your FREE Copy & Instant Access to Think and Grow Rich by Napoleon Hill just by signing up.
 
   
Newsletter cover
Browse:  #  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z