Ask Experts Questions for FREE Help !
Ask
    goldengirl50jh's Avatar
    goldengirl50jh Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 2, 2015, 11:23 AM
    What impact does the choice of a residual value have on the income statement?
    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's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Mar 2, 2015, 02:12 PM
    What do you think? This is your assignment
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #3

    Mar 2, 2015, 06:38 PM
    Isn't the residual value something?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #4

    Mar 2, 2015, 08:24 PM
    Residual value means Book value.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Income statement: What impact has a loss on OE owners equity? [ 1 Answers ]

Income statement: What impact has a loss on OE owners equity? As profts split up in "ADDITION TO RTETAINED EARNINGS" summed to the OE, and "DIVIDENDS", What happens if I have a loss? No dividends, OK. But, what about OE?

View more questions Search