Scrap Car Value Calculator How Much is My Scrap Car Worth?
So, XYZ Corporation would record an annual depreciation expense of $3,400 for the van over the 5-year period. At the end of the 5 years, the van’s book value on the company’s balance sheet would be its scrap value of $3,000. Salvage value, also called scrap value, is the value of a specific asset after…