SALE ENDS AT MIDNIGHT: Get started with $1000 off!

Residual Value

Residual Value

The residual value is the dollar value of an asset when its useful life is over.

If a machine is used until it is obsolete and will no longer work, the scrap metal dealer will give us $250 for it. The $250 is the residual value. Residual value is sometimes called salvage value.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.