Salvage value definition
Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.
Salvage value means five percent of original cost.
Salvage value means the probable sale price of the dwelling and other property that is severable from the land if offered for sale on the condition that it be removed from the land at the buyer's expense, allowing a reasonable time to find a buyer with knowledge of the possible uses of the property, including separate use of serviceable components and scrap when there is no other reasonable prospect of sale.
Examples of Salvage value in a sentence
Salvage value, if any, shall be credited or paid to Owner upon settlement of all accounts.
Salvage value will be determined as the value that could have been realized after removal or re-identifying of the “brand”.
Salvage value of substantial material recovered shall be determined by the Engineer-in-Charge in coordination with the Contractor.
Salvage value will be the fair market value or actual value received.
Salvage value is to be reflected in the lump sum price for the temporary work.
More Definitions of Salvage value
Salvage value means the probable sale price of an item offered for sale to knowledgeable buyers with the requirement that it be removed from the property at a buyer's expense (i.e., not eligible for relocation assistance). This includes items for re-use as well as items with components that can be re-used or recycled when there is no reasonable prospect for sale except on this basis.
Salvage value means the probable sale price of the dwelling and other property
Salvage value means the probable sales of an item, if offered for sale on the condition that it will be removed from the property at the buyer’s expense, allowing a reasonable period of time to find a person buying with a knowledge of the uses and purposes for which it is adaptable and capable of being used, including the separate use of serviceable components and scrap when there is no reasonable prospect of sale except on that basis per 49 C.F.R. 24.2(s).
Salvage value means the value of an item of Equipment after all of the depreciation has been incurred.
Salvage value means the estimated residual value of a depreciable asset or property at the end of its economical or useful life.
Salvage value means the amount received from the sale of utility property that has been removed or, if retained for reuse, the amount at which the recovered material is charged to the utility's accounts; and
Salvage value means the amount received for property retired, if sold, or if retained for reuse, the amount at which the material recovered is chargeable to Material and Supplies, or other appropriate account.