What is the remaining value of an asset after it has been fully depreciated?

The remaining value of an asset after it has been fully depreciated is referred to as the salvage or scrap value. This value represents the amount that can be expected to be received at the end of an asset's useful life, after accounting for depreciation. It is an important consideration in capital budgeting and financial analysis, as it influences the total cost and return on investment concerning the asset.

When an asset is fully depreciated, its bookkeeping value is reduced to zero, but in reality, many assets still have some worth at the end of their useful life, which is captured by the salvage value. This value can be the estimated resale price or, in cases where the asset is no longer usable, the expected scrap price from the materials that can be salvaged.

Other options such as goodwill value and market value refer to different concepts. Goodwill is an intangible asset typically related to a company's brand reputation, customer relationships, and other factors that contribute to its earning power. Market value represents what an asset could sell for in the current market, which may not be applicable after full depreciation. Remarketing value is not a standard term used in financial contexts and may not convey a widely accepted financial metric.