What is the standard for vehicle scrap residual value?

[LukasRose]

Vehicle scrap residual value standard refers to the current price of the evaluated vehicle being equal to the replacement cost multiplied by the depreciation rate. Relevant content about scrap residual value is as follows: Definition: Vehicle residual value refers to the remaining use value within the specified reasonable service life of the vehicle. Evaluation methods: There are several methods for estimating vehicle residual value. According to national regulations, there are four methods: income present value method, replacement cost method, current market price method, and liquidation price method. Among these, the replacement cost method is the most fundamental and easiest to implement. Replacement cost is the minimum cost required to purchase a new vehicle identical to the one being evaluated. There are also two methods for calculating the depreciation rate, with the service life method being relatively simple: depreciation rate equals (1 - years used / specified service life) × 100.