Scrap Value Calculator

It estimates the scrap value of assets by calculating their residual value at the end of their effective life, based on cost, age, and disposal date.

The calculator requires asset type, original cost, acquisition date, effective life (years), scrap date, and quantity.

• The calculator applies the diminishing value or prime cost method (depending on the chosen tax treatment) to determine how much depreciation has occurred, then estimates the asset’s remaining value at scrap date.

Effective life defines how many years the asset is expected to generate value. It’s used to spread depreciation over time in line with ATO guidelines.

The scrap date is the point at which the asset is disposed of, written off, or no longer in service. The calculator uses this to determine final residual value.

If multiple identical assets are entered, the calculator multiplies the calculated scrap value by the number of units.

Asset type determines which effective life ranges apply and may influence tax treatment (for example, furniture, plant, IT equipment, or vehicles).

No, this calculator only estimates the scrap value of the asset. Actual demolition, removal, or salvage costs need to be assessed separately.

No. Scrap value calculations are shown exclusive of GST, as depreciation and residual values are calculated on a net basis.