Explain what is meant by estimated residual value and why it is important to take it into

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Explain what is meant by “estimated residual value” and why it is important to take it into consideration when determining an asset’s depreciation.

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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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Question Posted: Jun 11, 2015 10:00 AM

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Explain what is meant by estimated residual value and why it is important to take it into

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An assets residual value is managements estimate of the ...View the full answer

Understanding Financial Accounting

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