Difference between revisions of "Residual 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.
  
 
==Related concepts==
 
==Related concepts==

Revision as of 19:09, 28 October 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.

Related concepts

Related lectures