Salvage value

Vocabulary Term #847
Noun (person)
USA
UK
Salvage value
USA
UK
the amount of money that an asset will be worth at the end of its useful life
USA
UK
"The company purchased a $16,000 forklift for use in its warehouse and believes it'll be able to resell the forklift for a salvage value of $1,000 at the end of 8 years."
Accounting, Banking, and Finance dictionary
Related vocabulary View Topical Reading Visit the Shop