Salvage Value Definition

Below please find a definition of “Salvage Value”

Financial Analysis Training & Glossary TermsSalvage Value: The market value of an asset at the end of its economic life is termed as the salvage value of the asset. This salvage value is the estimated value of the property. For example, when we donate a car, we get a tax deduction for it. The value of the deduction depends on the salvage value or the current value of the car.

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