Savage value is the estimated assets value, at the end of its life. (b) Is salvage value used in determining periodic depreciation under each depreciation method? Answer Andrew's questions. Yes you will need it in your equation. 3. Contrast the effects of the three depreciation methods on annual depreciation expense. 4. Romero Corporation owns a machine that is fully depreciated but is still being used. How should Romero Account for this asset and report it in the financial statements? 5. Post a question about this chapter