Eventually, an asset will reach the end of its serviceable life. When it does, a company might choose to sell it. Whatever the company can get for it at that time is its salvage value. It’s the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

If you take a bite into an apple and let it sit, over time, the bite mark will begin to brown. That browning is a lot like "depreciation." Depreciation in accounting means to spread the cost of buying ...

Residual value is the estimated value of an asset at the end of its useful life. It's used to figure out things like the value of a car at the end of a lease or how much equipment is worth after it's ...

Salvage value refers to the value of an item when a company can no longer use it. An item can be disposed of when it is no longer usable, in which case it would have a low salvage value. If it's ...