answersLogoWhite

0


Best Answer

Salvage value is defined as the value of the product after its useful life .In other words it is the value after depreciation. Salvage value also known as scrap value.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Difference between scrap value and salvage value?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the salvage price for a 2000 Chevy Malibu?

Where I live salvage means sold for scrap metal value, a car with out the upholstery and plastic removed has no scrap value. They will take it but not pay. If the car is clean metal no plastic etc about $0.20 pound


How much is salvage Chevy Malibu?

When a car becomes salvage its value becomes what it can be disassembled and the parts sold for. So each wreck is different. If I were to take a Malibu to the scrap yard they would either pay me nothing or if I had stripped or burnt the car they would give me scrap steel price. $200 or less.


What is the estimated salvage value of a fixed asset?

1. Estimated salvage value is the amount which is expected to be received from disposal of fully depreciated asset after useful life of asset.


Is depreciation charged on the original cost or the difference between original cost and salvage value in written down value method?

Under written down balance method depreciation is charged from original value and after that on written down balance until useful life of asset and any amount remaining at the end of useful life is the salvage value.


How to compute after tax salvage value?

Salvage Value - [Tax * (Market Value - Book Value)


How can you tell exactly what a used catalytic converter is worth as scrap?

Well, honey, you can determine the value of a used catalytic converter for scrap by considering factors like the current market price of precious metals like platinum, palladium, and rhodium, as well as the condition and type of the converter. You can also reach out to local scrap yards or online buyers to get quotes and compare offers. Just remember, the value can vary, so don't get your hopes up too high!


What is the formula for scrap value?

scrap


What is the salvage value on a 2007 mercury grand marqusls?

The salvage value of a 2007 Mercury Grand Marquis varies greatly depending on your area and the actual condition. There are prices between $100 and $2500.


What is the value of a salvage vehicle?

The value of a salvage vehicle is roughly 60% of the value of a comparable car with a clean title.


What to do or should know when your auto insurance salvages a vehicle?

In the U.S., Auto Insurance companies do not salvage a vehicle. If the vehicle claim is paid out as a total loss it is sold or auctioned off to a salvage or a junk yard. The junk yard may crush the vehicle for scrap metal value or salvage parts from the vehicle or even to re-title the car on a salvage title but this is totally up to the salvage yard or whomever the yard then re-sells the vehicle too.


Is the salvage value of a vehicle the same as its book value?

NO, salvage value is subjective. The salvage price is usally set by bids. Depends. If it's salvage the price is very subjective. If it's salvage but reconstructed (i.e. roadworthy) it's typically worth 60% of the value of a comparable car with a clean title. Use kbb.com and edmunds.com to determine appx value.


What the difference between actual value and earned value?

The difference between the Actual Value & Earned Value is the Project Cost Variance