An estimate of the amount for which an asset can be sold at the end of its useful life is called residual value.

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Mallory Spell · Accepted Answer

Final Answer : True, Explanation :  This is because residual value is the estimated value of an asset at the end of its useful life, which can be used to calculate depreciation for accounting purposes.

An estimate of the amount for which an asset can be sold at the end of its useful life is called residual value.

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