Residual value: Difference between revisions
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1. ''Financial reporting''. | 1. ''Financial reporting''. | ||
( | (RV). | ||
The realisable value of an asset at the end of its useful economic life for the reporting entity, based on prices prevailing at the date of acquisition or revaluation where this has taken place. | The realisable value of an asset at the end of its useful economic life for the reporting entity, based on prices prevailing at the date of acquisition, or revaluation where this has taken place. | ||
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== See also == | == See also == | ||
* [[Depreciating asset]] | * [[Depreciating asset]] | ||
* [[Net book value]] | |||
*[[Revaluation]] | *[[Revaluation]] | ||
Latest revision as of 15:49, 20 December 2020
1. Financial reporting.
(RV).
The realisable value of an asset at the end of its useful economic life for the reporting entity, based on prices prevailing at the date of acquisition, or revaluation where this has taken place.
2.
More generally, the realisable value of an asset at the end of a period of use.
