Explain what is meant by estimated residual value. Why is it subtracted from the assets cost when

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Explain what is meant by estimated residual value. Why is it subtracted from the asset’s cost when calculating depreciation under the straight-line method?

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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 06:35 AM

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Explain what is meant by estimated residual value. Why is it subtracted from the assets cost when

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The estimated residual value of an asset is the amoun...View the full answer

Understanding Financial Accounting

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