Residual value

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.

See also

• Depreciating asset
• Net book value
• Revaluation