RESIDUAL VALUE Definition

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RESIDUAL VALUE is: a) Realizable value of a fixed asset after deducting costs associated with its sale; b) Scrap value or the value to a junk dealer; or c) The amount remaining after all depreciation has been deducted from the original cost of a depreciable asset.

Learn new Accounting Terms

CABLE is the London dollar/sterling foreign exchange market - now outdated but still used by insiders.

EXAMINE is an audit procedure to critically examine something.

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