Urban Outsiders has a building that originally cost $375,000. The company expect

Question

Urban Outsiders has a building that originally cost $375,000. The company expects to be able to sell the facility for $258,000 at the end of its useful life. The balance of the related Accumulated Depreciation account is $107,000. The residual value of the facility is:

-268000

151000

258000

117000

Urban Outsiders has a building that originally cost $375,000. The company expects to be able to sell the facility for $258,000 at the end of its useful life. The balance of the related Accumulated Depreciation account is $107,000. The residual value of the facility is:

Explanation / Answer

Ans Residual Value of the facility is the value at which the company expects to sell the facility or we can say that it is the fair market value of the asset.

Therefore, Residual value is $ 258000

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