How to calculate the salvage value of fixed assets?

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Solution

The salvage value on fixed assets can be calculated after subtracting the depreciation amount of an asset and dividing it by the useful lifespan of the asset. The remaining balance is the salvage value of an asset that is sold.

Also see:

What Are Current Assets?

Fixed Assets Vs Current Assets

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Similar questions

Cost of the fixed asset – Salvage value =

The portion of acquisitiocost of the asset, yet to be allocated is known as

a) salvage value

b)written down value

c)accumulated value

d)realizable value

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