Meaning of the word "salvage value" in English
What does "salvage value" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
salvage value
US /ˈsæl.vɪdʒ ˌvæl.juː/
UK /ˈsæl.vɪdʒ ˌvæl.juː/
Noun
the estimated resale value of an asset at the end of its useful life
Example:
•
After ten years of use, the truck has a salvage value of five thousand dollars.
•
The accountant calculated the depreciation based on a zero salvage value.
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