Difference between revisions of "Residual value"

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[[Residual value]] (hereinafter, the ''Value'') is estimated value of an asset after all the allowable depreciation has been taken.
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[[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]].
  
  
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According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
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.
 
:[[Residual value]]. Estimated value of an asset after all the allowable depreciation has been taken.
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According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]],
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:[[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.
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According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]],
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:[[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 coursework==
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==Related lectures==
 
*[[Bookkeeping Quarter]].  
 
*[[Bookkeeping Quarter]].  
  
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]
 
[[Category: Septem Artes Administrativi]][[Category: Articles]]
 
[[Residual value]] ([[salvage value]]) is the amount of the asset's cost that will be recovered when the asset is sold, traded in, or scrapped.
 
 
 
==Definitions==
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Residual value]] ([[salvage value]]). The amount of the asset's cost that will be recovered when the asset is sold, traded in, or scrapped.
 
 
==Related concepts==
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
 
==Related coursework==
 
*[[Principles of Accounting]].
 
 
[[Category: Accounting]][[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

Related lectures