Residual Value Formula
Equation for calculate residual value is,
rv = (fac - sr) ÷ l
Where,rv = residual value
fac = cost of fixed asset
sr = scrap rate
l = lifespan
rv = residual value
fac = cost of fixed asset
sr = scrap rate
l = lifespan
Equation for calculate residual value is,
rv = (fac - sr) ÷ l
Where,