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Mohamed Essmat IFRS certified-ACCA's image
Question added by Mohamed Essmat IFRS certified-ACCA Accounts manager Al abdouli Group
8 years ago
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Ikram Raza's image  
Answer added by  Ikram Raza, Senior Audit Associate, DFK International (Rizwan and Company Chartered Accountants)
8 years ago

Residual value is the value remaining in the asset at the point in time when the asset has deteriorated to a point that it must either be closed or renewed, and is theref ... See More

Saiyid Maududi-Oracle Applications Consultant's image  
Answer added by  Saiyid Maududi-Oracle Applications Consultant, Entrerprise Architect, US Technomatrix, Inc
8 years ago

Hello Team, When you purchase an asset for your small business, you may need to depreciate it over a period of years rather than deduct the entire amount as an expense in ... See More

Mohamed Essmat IFRS certified-ACCA's image  
Answer added by  Mohamed Essmat IFRS certified-ACCA, Accounts manager, Al abdouli Group
8 years ago

i agree with you for residual value definition but The recoverable amount for asset is the higher its fair value less cost to sell and its value in use we shall estimate ... See More