Eventually, an asset will reach the end of its serviceable life. When it does, a company might choose to sell it. Whatever the company can get for it at that time is its salvage value. It’s the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Depreciation is the recovery of the cost of a physical asset, like property or equipment, over multiple years. It allows companies to spread out the cost of some expenses, reduce taxable income and ...