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Concept
Residual Value
Residual value
is the
estimated amount
that an asset will be worth at the end of its
useful life
or
lease term
, impacting
depreciation calculations
and
lease agreements
. It is crucial for
financial forecasting
and
investment decisions
, as it affects the
overall cost
and profitability of owning or
leasing an asset
.
Relevant Degrees
Regional Economics 100%
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