Question: In computing depreciation, the residual value is: a . the fair market value of a plant asset on the date of acquisition. b . subtracted

In computing depreciation, the residual value is:
a. the fair market value of a plant asset on the date of acquisition.
b. subtracted from accumulated depreciation to determine the plant asset's depreciable cost.
*c. an estimate of a plant asset's value at the end of its useful life.
d. ignored in all the depreciation methods.

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