Y = Number of Years. How do you calculate salvage value for depreciation? Straight-Line Method Subtract the asset’s salvage value from its cost to determine the amount that can be depreciated. Divide this amount by the number of years in the asset’s useful lifespan. Divide by 12 to tell youRead More →
The simple answer to whether or not you can insure a salvage title car is usually no. If a car has a salvage title, it is considered a total loss and is illegal to drive on public roads. … This means you can legally register, drive on public roads, andRead More →
Most dealers don’t accept salvage cars as trade-ins, even after the salvage title has been removed. … If the car was stolen and had been missing for a month or so, the insurance company may pay off the vehicle and sell it to a salvage buyer, in which case theRead More →