Residual value: Difference between revisions
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1. | 1. ''Financial reporting''. | ||
''Financial reporting''. | |||
([[RV]]). | ([[RV]]). | ||
Revision as of 15:26, 22 October 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.
