Salvage Value
Salvage value, abbreviated S, is the effective life usage got equipment such as machinery, vehicles, etc.
Salvage value Formula |
\(\large{ S = P - \left( Dep \; Y \right) }\) |
Symbol |
\(\large{ S }\) = salvage value |
\(\large{ Dep }\) = depreciation |
\(\large{ Y }\) = number of years |
\(\large{ P }\) = origional price |