An estimate of the amount which an asset can be sold at the end of its useful life is called residual value.

Name: An estimate of the amount which an asset can be sold at the end of its useful life is called residual value.
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Quizplus · Accepted Answer

This statement is true. Residual value is an estimation of the future value of an asset at the end of its useful life, or when it is no longer needed by the company. This value is important for determining the depreciation expense of an asset and for calculating its net book value.

An Estimate of the Amount Which an Asset Can Be