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The net market or recoverable value which would be realised from disposal of an asset or facility at the end of its life.
IIMM
The residual value (salvage value) of an asset is the estimated amount that an entity would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life. - AASB 116.
LGAM
Residual value is the estimated amount that an entity would currently obtain from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already at the end of its useful life. Residual value may be recognised in infrastl1lcture in certain circumstances such as where the asset has a salvage value and/or cost to renew an asset is less that the cost to replace the asset. Residual value may be used to relate the asset's asset management practices and procedures to its accounting treatment.
AIFMG 2009
