Companies that comply with generally accounting principles, called GAAP, may opt to use the declining balance method to calculate depreciation on a particular asset or group of assets. The declining ...

Residual value is the estimated value of an asset at the end of its useful life. It's used to figure out things like the value of a car at the end of a lease or how much equipment is worth after it's ...

Knowing the residual value or percentage on a depreciated piece of property is necessary when you need to know the value of tangible assets for bookkeeping purposes. This information is also important ...