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Residual Value
Residual value is the estimated amount that an asset will be worth at the end of its useful life, reflecting its expected salvage value.
Double Diminishing-Balance
An accelerated method of depreciation that doubles the depreciation rate of the diminishing balance method, expensing a larger portion of the asset's cost near the beginning of its life.
Residual Value
The anticipated value of an asset at the conclusion of its lifespan.
Double Diminishing-Balance
An accelerated method of depreciation that calculates expense by doubling the straight-line depreciation rate applied to the declining book value of an asset.
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