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.
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
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.
The estimated salvage value of a fixed asset refers to the expected residual value of the asset at the end of its useful life. It is an estimate of how much the asset could be sold for or its scrap value. This value is important for calculating depreciation expenses and determining the asset's net book value. The specific salvage value can vary depending on factors such as market conditions, technological advancements, and the condition of the asset.
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.
Salvage Value - [Tax * (Market Value - Book Value)
scrap
Dose scrap magnets HAVE ANY VALUE
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.
The value of a salvage vehicle is roughly 60% of the value of a comparable car with a clean title.
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.
the DIFFERENCE between the place value and the face value is 991
The difference between the Actual Value & Earned Value is the Project Cost Variance