@accountingb4: Do you know how much a business expects to recover from an asset after using it for its entire useful life? 🤔📊 Residual Value is the estimated amount a business expects to receive from disposing of an asset at the end of its useful life, after deducting estimated disposal costs. 📌 Example: A machine costs ₦500,000 and has a residual value of ₦100,000. Depreciable Amount: ₦500,000 − ₦100,000 = ₦400,000 Remember: Residual value is important when calculating the depreciation of fixed assets. Save this lesson for revision and share it with another accounting student! Follow Accounting for more simple accounting explanations. 📖 #Accounting #ResidualValue #Depreciation #FixedAssets #FinancialAccounting

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Saturday 07 November 2026 04:07:44 GMT