Difference between revisions of "Residual value"
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| − | [[Residual value]] ( | + | [[Residual value]] (hereinafter, the ''Value'') is estimated value of an asset after all the allowable depreciation has been taken. Rarely, the ''Value'' can also refer to [[salvage value]]. |
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Residual value]]. | + | :[[Residual value]]. Estimated value of an asset after all the allowable depreciation has been taken. |
| + | According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | ||
| + | :[[Residual value]]. The market value of the leased property at the expiration of the lease. The estimate of the residual value is one of the key elements in lease analysis. | ||
| + | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
| + | :[[Residual value]]. The value of leased property at the end of the lease term. | ||
==Related concepts== | ==Related concepts== | ||
*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
| − | ==Related | + | ==Related lectures== |
*[[Bookkeeping Quarter]]. | *[[Bookkeeping Quarter]]. | ||
[[Category: Septem Artes Administrativi]][[Category: Articles]] | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Latest revision as of 02:09, 2 November 2019
Residual value (hereinafter, the Value) is estimated value of an asset after all the allowable depreciation has been taken. Rarely, the Value can also refer to salvage value.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Residual value. Estimated value of an asset after all the allowable depreciation has been taken.
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Residual value. The market value of the leased property at the expiration of the lease. The estimate of the residual value is one of the key elements in lease analysis.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Residual value. The value of leased property at the end of the lease term.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
