What is residual value - Definition and Meaning

Residual Value :

Future value of an asset is expressed by residual value in terms of depreciation rate of its basic value. It is also termed as salvage value.

Formula :

(Cost of fixed asset - Scrap value) ÷ Lifespan
Rank Correlation Regression Coefficient Confidence Interval

Learn what is residual value. Also find the definition and meaning for various math words from this math dictionary.

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