ABSTRACT
The amount a business might anticipate getting for an asset at the end of its useful life is known as the salvage value. The term “salvage value” refers to an asset's remaining worth at the end of its assumed useful life after accounting for all depreciation.
This chapter explains how to implement the concept of salvage value for Life Cycle Cost Analysis (LCCA). Examples are given to demonstrate how salvage value is to be calculated and used for Life Cycle Cost Analysis. Also, this chapter provides a basic concept of depreciation which is required for evaluating salvage value.
