What is the straight line depreciation salvage value?

Depreciation is the value of the cost of the asset that declines in value for as long as you
use it, so if you had a folk lift it would depreciate in value as it became older.
The salvage price may be fixed before or after.

In a depreciation straight line approach , we can use the following example

Cost of fork lift  :   $10,600
Salvage value :    $600

If the lifetime value of the item is only 5 years with a deviation loss of $2000 a year
then after year one the item would be worth:
1-years   $8000  + $600

2- years  $6,000  + $600

3-years    $4000  +  $600

4- years   $2000  +   $600

5-years   $0   plus savage cost $600


A straight line deviation salvage value on a graph would show the asset loosing the same amount of value through depreciation every year.