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 the amount received from the sale of operating property retired less any expenses in connection with the sale or in pre- paring the property for sale. If the property is retained for reuse, the sal- vage value shall be recorded in account 712, Materials and Supplies, or other appropriate account at an amount not to exceed its recorded cost (actual or average), or current market value, whichever is lower.

Salvage value means five percent of original cost.

Examples of Salvage value in a sentence

• The Salvage value of the asset shall be considered as 10% and depreciation shall be allowed up to maximum of 90% of the Capital Cost of the asset.

• Salvage value is the estimated residual value of the asset for scrap or salvage after its useful life has ended.

• Salvage value (net revenue)11.2.8.1 While acquisition costs are easier to calculate, data needs to be captured on operation/decommissioning costs involved for all types of makes for different capital equipments so we have a detailed internal database for the same.

• Salvage value to be considered by the successful bidder and the net price quoted shall take consideration of reduction on account of this material.

• Salvage value shall not be considered when determining the estimated decommissioning cost.

More Definitions of Salvage value

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.

Salvage value means the amount received or estimated to be received for property retired less any expenses in- curred in connection with the sale or preparing the property for sale; or, if retained, the value at which the recov- ered material is chargeable to the ma- terial and supplies account or other ap- propriate account.

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 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 probable sale price of the dwelling and other property

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 lower of fair market salvage value or five percent of the original cost of the property.