if you're asking about how to calculate the answer.. then it might be $3,200 - ? / 5years = $1,000. therefore: $3,200 - ? = $1,000 * 5yrs; then Salvage Value = $5,000 - $3,200 = $1,800. to prove if your answer is right you go: $3,200 - $1,800 / 5years then see if it equals to $1,000. if it does then your answer is right, but if not then your answer is wrong!! p.s. ? - means unknown but if you prove your answer @ the end, then replace it with the answer you got from your calculations. / - means divided by 0r in other words, the divide sign. (the strategy is to get all the known values on one side & leave the unknown on its own.. eg: 45 + ? = 50 therefore; ? = 50 - 45; ? = 5. (sign changes as you move it from one side to the other.) There are too many things missing to give an answer. First what type of depreciation have you established for these types of assets? Straight line, Double Declining or ACRS or MACRS would be the most common. That will determine the yearly percentage depreciation that must be applied. Then, most of these will require half year convention in the first and last years...although again the accounting practices as established would determine that. Now, you either took depreciation each year and should know how much you took, which gives you your current basis, the difference between that and what it being sold for is the gain or loss. If you didn't take any depreciation for books, then the basis never changed from acquisition. And for tax, which will normally have a different depreciation method and life applied, even if you didn't, the law reads "....depreciation taken or allowed..." so you forgo what you didn't take and get to your basis just like you had. Then that depreciation is probably recovered as a Section 1245 or 1250 asset sale anyway. Basic. Simple.
That can never happen. An asset will either be depreciated to its salvage value, or to zero, depending on whether or not it has a salvage value.
How to salvage gold from computers
Depreciable Value: It is the value of asset up to which any asset can be depreciated. Salvage Value: It is the value which a company can get on sale of fully depreciated asset. Estimated useful Life: It is that life of an assets which a company determine at the time of purchase for which an asset can be utilized in business to generate revenue.
Salvage clothing can be purchased from sites like Revolveclothing, Stylerocket, Showstopper Urbanwear, and Emoda. Salvage clothing may also be purchased from local thrift stores.
Salvage 1 - 1979 Salvage 1-0 was released on: USA: 20 January 1979
Straight line method of depreciation is that under which any asset is depreciated in equal amount for every year till salvage value. Formula for straight line method: Depreciation = (Cost price - Salvage Value)/Number of years
DEPENDING ON WHAT KIND OF TITLE THE VEHICLE HAS IF IT HAS A CLEAR TITLE THEN NO IF IT HAS A SALVAGE TITLE THEN YES
I would say the average salvage value of a laptop computer would be about $400. This is just my opinion, as others would probroble disagree.
Plant assets only have a limited usage and in order to calculate the life of an asset, you must depreciate the asset according to it's useful life minus salvage value.
Local salvage yard, eBay, craigslist, etc.
Salvage Dawgs - 2012 Nestlebrooke 2-1 was released on: USA: 16 January 2014
Riverboat - 1959 Salvage Pirates 1-20 was released on: USA: 31 January 1960