# Salvage value

> Salvage value — The amount expected from disposing of an asset at the end of its useful life, net of disposal costs — the floor depreciation stops at.

Source: https://lopifi.com/glossary/salvage-value
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is salvage value?** In accounting, salvage value means the amount expected from disposing of an asset at the end of its useful life, net of disposal costs — the floor depreciation stops at.

## Words this system refuses for it

- scrap alone
- fair value

- **Category:** Fixed assets & leases
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** depreciation, useful-life, asset