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How do you calculate an asset's salvage value?

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fahmidaemran:
How do you calculate an asset's salvage value?

In the calculation of depreciation expense, the salvage value of an asset is an estimated amount, and the estimated amount is often zero. With the common assumption of no salvage value, the entire cost of an asset used in a business will be depreciated over the asset's useful life.

Source: https://www.accountingcoach.com/blog/calculate-salvage-value

Md. Al-Amin:
Nice post.

munna99185:
The salvage value is also known as 'residual value'.


Sayed Farrukh Ahmed

Anhar Sharif:
Scrap value as well

kamruzzaman.bba:
Thanks

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