An asset's residual value is:
A)the estimated amount it can be sold for at the end of its useful life.
B)its cost minus its accumulated depreciation.
C)its cost plus any costs to install it and place it in service.
D)equal to its accumulated depreciation.

Question

Quizplus · Accepted Answer

Residual (or salvage)value is the estimated amount to be recovered at the end of the company's estimated useful life of an asset.

An Asset's Residual Value Is