Salvage Value

1. Salvage value (residual value) is an estimate of the amount that will be realized at the end of the useful life of a depreciable asset. Frequently, depreciable assets have little or no scrap value at the end of their estimated useful life and, if immaterial, the amount(s) may be ignored in calculating depreciation. See also useful life. The expected value of an asset at the end of its useful life.