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Aakash kumar singh
on Nov 15, 2024

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The estimated value of an item at the end of its useful life is:

A) depreciation expense.
B) residual value.
C) accumulated depreciation.
D) book value.

Residual Value

The estimated salvage value of an asset at the end of its useful life, used in calculating depreciation expense.

Depreciation Expense

Depreciation Expense represents the systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Accumulated Depreciation

Represents the total amount of depreciation expense that has been recorded for an asset since it was acquired, reflecting its decrease in value over time.

  • Acquire knowledge on the concepts of residual value, book value, and accumulated depreciation.
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Agustin NunezNov 21, 2024
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