Residual Value is the estimated value of an asset after it has lost part of its original value (i.e. depreciated) over a period of time. For example, a car that is five years old has not got the same value as it did when it was brand new.
Residual Value is the estimated value of an asset after it has lost part of its original value (i.e. depreciated) over a period of time. For example, a car that is five years old has not got the same value as it did when it was brand new.
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