Eventually, an asset will reach the end of its serviceable life. When it does, a company might choose to sell it. Whatever the company can get for it at that time is its salvage value. It’s the ...

Residual value is the estimated value of an asset at the end of its useful life. It's used to figure out things like the value of a car at the end of a lease or how much equipment is worth after it's ...

According to the National Association of Manufacturers, manufacturers contributed $1.87 trillion to the United States economy in 2012, an increase from the $1.73 trillion contributed in 2011.

Salvage value refers to the value of an item when a company can no longer use it. An item can be disposed of when it is no longer usable, in which case it would have a low salvage value. If it's ...