The correct option to the given question is option A) is the fair value of the asset at the end of its useful life.
The residual value of an asset is determined by what a business anticipates getting in return for selling the asset at the conclusion of its useful life or lease term.
Relative value is used in various sectors and disciplines in different ways.
The entire depreciable amount a business utilizes in its depreciation schedule will depend on the residual value.
In general, the residual value of an item and its usable life or lease time are inversely connected.
The residual value of an automobile that is leased for three years is its value at the end of that time period.
To learn more about residual value click here
brainly.com/question/14298816
#SPJ4
