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Douglas Harper's Etymology Dictionary
salvageable

by 1915, from salvage (v.) + -able. Salvable is from 1660s in reference to souls; 1797 in reference to ships' cargoes.

Wiktionary
salvageable

a. Capable of being salvaged, saved or repaired. Worth rescuing and keeping rather discarding or replacing.

WordNet
salvageable

adj. capable of being saved from ruin; "their marriage was not salvageable"

Usage examples of "salvageable".

Down on the plain the salvageable pieces of the fragment ship were being loaded.

Possession With Intent eight years earlier, the kid considered salvageable enough at the time to receive as an alternative to jail a two-year stint at New Dawn Village, a nonresidential rehab center over in Hudson County.