The estimated value of an item at the end of its useful life is
A) depreciation expense.
B) residual value.
C) accumulated depreciation.
D) None of these answers are correct.

Question

Quizplus · Accepted Answer

Residual value is the estimated value of an item or asset at the end of its useful life. Depreciation expense is the portion of an asset's cost that is expensed each period, and accumulated depreciation is the total amount of depreciation expense that has been recognized over the asset's lifetime.

The Estimated Value of an Item at the End of Its