The value of a depreciable asset at the end of its useful life is called:
A)book value.
B)residual value.
C)accrued revenue.
D)accrued expense.

Question

Quizplus · Accepted Answer

The residual value is the estimated value of a depreciable asset at the end of its useful life, after taking into account any salvage or disposal costs. It is also called the salvage value or the scrap value. The book value, on the other hand, is the cost of the asset less accumulated depreciation. Accrued revenue and accrued expenses are unrelated to the value of a depreciable asset.

The Value of a Depreciable Asset at the End of Its