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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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
Modern Language Association (MLA):
Residual Value. Payroll & Accounting Heaven Ltd. November 19, 2019
Chicago Manual of Style (CMS):
Residual Value. Payroll & Accounting Heaven Ltd. (accessed: November 19, 2019).
American Psychological Association (APA):
Residual Value. Retrieved November 19, 2019, from website:

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