answersLogoWhite

0


Best Answer

No.

Residual Value is the expected value of the asset at the END of it's useful life (either through sale or scrapping)

Net Balance would be the Cost less any Accumulated Depreciation (Wear & Tear) less any Accumulated Impairment at the END of the current period

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is net balance the same as residual value?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is net export the same as balance of trade?

Yes. The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period.


What is the net realization value?

Net realization value is the price a company can get on sale or dissposal of any asset from balance sheet.


Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?

Which one of the approaches for the allowance procedure emphasizes the net realizable value of accounts receivable on the balance sheet?


Why does companies show net loss in balance sheet?

Same like net profit shown in balance sheet net loss is also shown in balance sheet because net profit or net loss both are part of equity of the owner and to show the net effect of fiscal year;s performance with previous performance it is shown in balance sheet.


Balance of trade in a sentence?

The balance of trade (or net) is the difference between monetary value of exports and imports of output in an economy.


Does net worth equal total assets plust liabilies?

Yes, Net worth is the residual value after utilizing all assets and paying off all liabilities so it is the actual value of business which is the actual benefit to the owners of business.


When cashing out a life insurance policy are cash value and net cash value the same?

The cash value of something is the value before taxes. Net or Netto cash value is after taxes.


Does a Balance Sheet show a companys true worth?

A Balance Sheet shows a company's Net Book Value which is the Net Worth according to their accounting practices. This is normally not the value of the company. If a company is publicly held, it will have a market value which is the value of all outstanding stock. If the company is privately held, and was offered for sale, the selling price would typically be greater than the Net Worth of the company. The value might be calculated based on projected Sales or Earnings.


Where on the balance sheet are the capital account?

Capital is also the net asset. This value is the closing capital amount. Just below, there should be a the (Owner's) Equity section where you can find the opening capital value and at the end you can find the closing capital, which should be the same value as the new asset.


What does NAV stand for in reference to finance?

NAV stands for Net Asset Value. The net asset value for any item is fair market value minus any outstanding loan costs. For example, a home with the fair market value of $100,000 and a loan balance of $75,000 has a NAV of $25,000.


What is Net Liquidity Balance?

The net liquidity of a position (s) is the cash balance + unrealized g/l.


Are Depreciation Expenses reported on the balance sheet as an addition to the related asset?

Depreciation or accumulated depreciation is deducted from related assets in balance sheet to show the net book value of asset.