The estimated value of an asset after the expiry of its useful life is called as _______________.

Written Down value

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Residual Value (Right Answer)

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Accumulated Depreciation

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Sales value

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Solution

The correct option is B Accumulated Depreciation
An asset can reach full depreciation when its useful life expires or if an impairment charge is incurred against the original cost, though this is less common. The balance sheet will still reflect the original cost of the asset and the equivalent amount of accumulated depreciation.

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