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