Residual value is also known as all of the following except
A) scrap value
B) trade-in value
C) salvage value
D) net book value

Question

Quizplus · Accepted Answer

Residual value is not the same as net book value, which refers to the value of an asset as recorded in a company's accounting records. Scrap value, trade-in value, and salvage value all refer to the estimated amount of money that an asset can be sold for at the end of its useful life.

Residual Value Is Also Known as All of the Following