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View Full Version : What impact does the choice of a residual value have on the income statement?


goldengirl50jh
Mar 2, 2015, 11:23 AM
What impact does the choice (or lack) of a residual value have on the income statement and balance statement of an entity in the year the asset is purchased? During the asset's life? In the year of the disposal of the asset?

paraclete
Mar 2, 2015, 02:12 PM
What do you think? This is your assignment

ma0641
Mar 2, 2015, 06:38 PM
Isn't the residual value something?

pready
Mar 2, 2015, 08:24 PM
Residual value means Book value.