Curious about the salvage value of an asset? Enter the original cost, useful life, and depreciation rate, and our Salvage Value Calculator will show you the estimated salvage value.
Salvage Value Calculator
Salvage Value Calculator
| Component | Description |
|---|---|
| Original Cost | The initial cost of the asset. |
| Useful Life (Years) | The estimated useful life of the asset in years. |
| Depreciation Rate | The annual depreciation rate of the asset. |
| Salvage Value | The estimated residual value of the asset at the end of its useful life. |
| Formula | Salvage Value = Original Cost × (1 – Depreciation Rate)^Useful Life |
| Purpose | Used to calculate the salvage value of an asset, aiding in accounting and financial management. |