Difference between revisions of "Residual value"
| Line 1: | Line 1: | ||
| − | [[Residual value]] (hereinafter, the ''Value'') is estimated value of an asset after all the allowable depreciation has been taken. | + | [[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]]. |
| Line 13: | Line 13: | ||
[[Category: Septem Artes Administrativi]][[Category: Articles]] | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
| − | |||
Revision as of 10:52, 20 December 2018
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.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
