About the Salvage Value Calculator
Estimate an asset’s salvage (residual) value from its cost, a declining depreciation rate and years of use.
Also known as: residual value, scrap value, salvage value formula.
How to use this calculator
- Enter original cost, annual depreciation rate, years of use.
- The result updates instantly as you type — press Calculate (or Enter) at any time.
- Review the breakdown shown under the main result.
- Use Copy result or Share to save the answer or send a link with your inputs.
Formula
S = cost × (1 − rate)ⁿ
Worked example
Using the values pre-filled in the calculator above:
- Original cost = 18,000
- Annual depreciation rate = 18 %
- Years of use = 6
the calculator returns:
- Salvage value: 5,472.12