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. |
==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. |
==Related concepts== | ==Related concepts== | ||
Revision as of 11:24, 17 December 2018
Residual value (hereinafter, the Value) is estimated value of an asset after all the allowable depreciation has been taken.
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.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
