What is the salvage value of a car for depreciation purposes?

Salvage value is an estimate of the value of property at the end of its usefulness. It's the price that you'd get for it when you can't use it productively. How you use the property and for how long affect salvage value. If you let go of property while it's still in good operating condition, then the salvage value might be high. If you let go of property when it's not usable, its salvage value is its junk value.

For more information, go to www.irs.gov/formspubs for Publication 534 (Depreciating Property Placed in Service Before 1987).