Salvage Value

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January 1, 1 5 min read Definitions

Salvage Value Depreciation Useful Life Asset Management Financial Accounting Real Estate Valuation

Salvage value is the estimated value an asset will have at the end of its useful life. It is an important concept in accounting and real estate for calculating depreciation.

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January 1, 1 6 min read Definitions

Straight-Line Depreciation

Straight-Line Depreciation Depreciation Methods Real Estate Accounting Tax Deduction Property Valuation Useful Life Salvage Value

Straight-Line Depreciation is a method that applies equal annual reductions in the book value of a property. It is primarily used in accounting for replacement and tax purposes.