Salvage Value

You can enter the salvage value as a percentage of the cost or the actual amount. Typically, you specify salvage value when you add the asset in PeopleSoft Asset Management. If allowed, salvage value is deducted from the cost basis for depreciation calculations. When the salvage value changes after depreciation begins, PeopleSoft Asset Management automatically adjusts the cost basis and depreciation from that time forward to reflect the change.

See Calculating Depreciation When Salvage Value Exceeds Net Book Value (NBV).