Accounting for IGCSE & O level - Accounting Procedures (Section 9 - No. 48)
What does the residual value represent?
The original cost of an asset.
The estimated value of an asset at the end of its useful life.
The accumulated depreciation to date.
The amount of repairs made to an asset.
Explanation
The residual value is the estimated value at the end of useful life.
Comments (0)
