When you add a device to Velory, a value is calculated for what the device could be exchanged for today if your company sold it via Velory through a so-called Trade in. The value can be used to estimate the inventory value of the company's assets (hardware units).
The valuation is based on the unit being fully functional and having no damage beyond normal wear and tear. For the units that the company owns and does not lease, the value of the unit is also the preliminary price that you can get if you send in the unit. For leased units, the value reflects the current residual value.