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.


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

Related coursework

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

Related coursework