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What else can I help you with?
When is a residual negative?
The residual for a particular point in a regression is negative if the estimated or fitted value at that point is greater than the observed value.
What is the amount of depreciation using the double declinging method for the second year of use for equipment costing 9000 with an estimated residual value of 600 and as estimated life of three year?
Depreciation for 1st year = 6000 Depreciation for 2nd year = 2000 Depreciation for 3rd year = 400
A machine with a cost of 65000 has an estimated residual value of 5000 and an estimated life of 4 years or 18000 hours What is the amount of depreciation for the second full year using the double decl?
$16,250
What is the meaning of Scrap Value in accounting?
scrap value is the residual value of an asset. the valu of an asset which exists after its estimated life period
How do you record amortization expense for machinery and truck?
machinery 750 000...accum. amort. machinery 340 000truck 120 000...accum amort. truck 40 0001. remaining useful like 8 yrs; estimated residual $110 0002. remaining useful life 4 yrs; estimated residual $30 000
What is cost plus residual value?
The residual value of "cost plus" is whatever is charged which exceeds the cost. Example: I provide a quote the terms for a project as being "cost plus 20%". If the cost for my project is $100, then I would bill $120. The residual value is $20.
What is the residual value of a leased vehicle?
The residual value of a leased vehicle is the estimated worth of the vehicle at the end of the lease term. It is determined by the leasing company based on factors like the vehicle's make, model, expected depreciation, and market conditions. This value is crucial because it helps calculate the monthly lease payments, with lower residual values typically resulting in higher payments. Additionally, the residual value can influence the decision to purchase the vehicle at lease end.
What does the residual value or a point tell you?
The residual value, or a point, in finance typically refers to the estimated salvage value of an asset at the end of its useful life. It represents the amount expected to be recovered from the asset after depreciation has been accounted for. This value is crucial for determining depreciation expenses and assessing the overall financial viability of an investment. A higher residual value can enhance the return on investment and influence decisions related to asset acquisition and management.
Record depreciation on the remaining truck it has an estimated residual value of 15000 and estimated useful life of eight years?
James' mom purchased a new truck for $39,310 four years ago. James, who is a mechanic, estimated that the truck's present value is $25,250. What is her depreciation? Formula: Depreciation = Purchase Price - Today's Value/Number of Years Owned
What is a residual lake?
Lakes which are made by residual rocks which are left after weathering and erosion and form the residual lakes.
What is the importance of safety precaution in electronics?
Safety is very important while handling electronic equipment. A number of accidents take place by faulty handling of equipment and these can cause injuries or even death. Checking the condition of equipment , checking equipment's suitability , checking power, managing safety power supply and making use of residual current are some important precautions .
What is a residual haunting?
A residual haunting is a playback of a past event.
