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salvage value of fixed assets

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The estimated scrap value at the end of the useful life of an asset used in the business. It is also referred to as residual value.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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