Residual value is:
A) Also called residual value.
B) Also called scrap value.
C) An estimate of the asset's value at the end of its benefit period.
D) A factor relevant to determining depreciation.
E) All of these.

Question

Quizplus · Accepted Answer

Residual value is an estimate of the asset's value at the end of its useful life or benefit period. It is also called scrap value and is a factor relevant to determining depreciation. Therefore, all of the choices listed are correct.

Residual Value Is