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“IAS 16 Property, Plant and Equipment defines residual value as the estimated amount which an entity would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset were already at the age and in the condition expected at the end of its useful life.”
sir why does the asset really needs to be at the end of its useful life for us to calculate its residual value? isnt residual value a forecast of the expected value of the asset at the end of its useful life?
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