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An asset's residual value is ______. (Check all that apply.) Multiple select question. equal to its accumulated depreciation the estimated amount it can be sold for at the end of its useful life its cost plus any costs to install it and place it in service its cost minus its accumulated depreciation the same as its salvage value

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adefioyelaoye

An asset's residual value is the estimated amount it can be sold for at the end of its useful life.

All assets have what we refer to as the useful life which is the period of time in which the assets have an optimal yield. After a certain period, depreciation takes place and the assets aren't able to perform optimally hence the sale in what we refer to as the residual condition/value.

All assets also have a residual value which is why goods bought today and used can't be sold at the same rate/price as depreciation starts to set in the moment usage commences.

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