Question: In some cases, an entity expects to be able to sell the plant asset at the end of its service life. The amount that it

In some cases, an entity expects to be able to sell the plant asset at the end of its service life. The amount that it expects to sell it for is called its residual value . If an entity buys a truck for $75,000 and expects to sell it for $15,000 five years later, the estimated residual value is

$ .

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