Question

A fixed asset's estimated value at the time it is to be retired from service is called a.residual value b.book value c.carrying value d.market value

Answer 1

Answer:

a.residual value 

Explanation:

Book value or carrying value is the value of the asset on the balance sheet. It is equal to cost of the asset less accumulated deprecation.

Market value is the value of an asset in the market.

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