September 28, 2023Residual Value
Residual value, also known as salvage value or residual worth, is a financial concept that refers to the estimated value of an asset (copier, printer etc.) at the end of its useful life or lease term. It represents the expected worth of the asset after it has been fully depreciated, used, or leased for its intended purpose.
« Back to Glossary IndexCategories :
Tags :
