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Which of the following is NOT a true statement regarding residual value? Residual value is found below the referenced asset with a credit balance. An

Which of the following is NOT a true statement regarding residual value?

Residual value is found below the referenced asset with a credit balance.

An asset cannot be depreciated beyond its residual value.

It is an estimate of an asset's book value when fully depreciated.

The asset's owner determines what the residual value will be

.

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