Definition
Residual Value is the estimated value of an asset at the end of its useful life, important in calculating depreciation and lease payments.
Usage and Context
Residual value is the estimated worth of an asset at the end of its useful life, used for calculating depreciation.
Frequently asked questions
What is the residual value of an asset?
The residual value is what an asset is expected to be worth at the end of its useful life, used in calculating its depreciation.
What is the residual value in a lease?
The residual value is the estimated worth of a leased asset at the end of the lease term, influencing the lease payments.
What is the estimated residual value of depreciable assets?
The residual value is what an asset is expected to be worth at the end of its useful life, after depreciation.
Related Software
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Benefits
Residual value estimates an asset`s worth at the end of its useful life, affecting depreciation and leases.
Conclusion
Residual value determines what an asset is worth at the end of its useful life.
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