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is this true Residual value means the actual cash one receives at end of life of asset?
Wiki User
∙ 10y ago
Residual value is the value of the asset that they are likely to recover at the end of the life of the asset. It is the value that is expected to be at the end. But its not necessarily that we realise the amount at the end of the period. It can be more or less than that.
Wiki User
∙ 10y ago
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What does the term finance lease mean?
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