What Is the Estimated Residual Value of an Asset

question 26

Multiple Choice

What is the estimated residual value of an asset?

• A)its estimated disposal value at the end of its useful life.
• B)its carrying value.
• C)its historical cost.
• D)its book value.

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Definitions:

Anthropoids

The suborder of primates that includes New World monkeys, Old World monkeys, and apes (including humans).

Taxonomically

Pertaining to taxonomy, the science of classification, especially in biology for the classification of organisms into a systematic framework such as kingdoms, phyla, and species based on shared characteristics and genetic heritage.

Collarbone (Clavicle)

A bone located horizontally across the front of the shoulder, connecting the arm to the body.

Primates

An order of mammals that includes humans, apes, monkeys, and prosimians, characterized by large brains, forward-facing eyes, and opposable thumbs.