Residual value A contra-asset account representing the total depreciation taken to date. Equal to the...
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Accounting
Residual value A contra-asset account representing the total depreciation taken to date. Equal to the original cost of the asset minus the current balance in accumulated depreciation. Allocating the cost of a tangible asset over its service life The amount the company expects to receive from selling the asset at the end of Its service Iffe How long the compeny expects to receive benefits from the asset before disposing of It. strawbe
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