Asked by
La'Trell Buckner
on Nov 18, 2024
Verified
An estimate of the amount for which an asset can be sold at the end of its useful life is called residual value.
Residual Value
The anticipated worth of an asset upon reaching the conclusion of its serviceable life.
- Comprehend the principle and effects of adjustments in asset residual value and depreciation revisions.
Verified Answer
MO
Learning Objectives
- Comprehend the principle and effects of adjustments in asset residual value and depreciation revisions.
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