Define: Residual Value

UK Accounting Glossary

Definition: Residual Value


Quick Summary of Residual Value


The estimated amount that an entity would currently obtain from disposal of the asset, after deducting the estimated cost of disposal, if the asset were already of the age and in the condition expected at the end of it’s useful life.



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Synonyms For Residual Value


terminal value, final value, depreciated value, residual amount


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/residual-value/
Modern Language Association (MLA):
Residual Value. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/residual-value/.
Chicago Manual of Style (CMS):
Residual Value. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/residual-value/ (accessed: February 28, 2020).
American Psychological Association (APA):
Residual Value. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/residual-value/

Definition Sources


Definitions for Residual Value are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.