The price of a fixed asset at the end of its useful life is called

The price of a fixed asset at the end of its useful life is called the salvage value. This refers to the estimated amount of money that the asset can be sold for once it is no longer useful to the business. For example, if a company buys a truck for $50,000 and estimates that it will have a useful life of 10 years, at the end of the 10 years, the truck may be sold for its salvage value. This value is important for businesses to consider when they are deciding whether or not to invest in a fixed asset, as it can help them estimate the total cost of ownership over the asset's useful life. It is also important for accounting purposes, as it is used to calculate the depreciation expense for each year of the asset's useful life.