Residual Cost
Residual cost, also called salvage value, is the estimated amount an asset will be worth at the end of its useful life. It’s used in depreciation calculations and impacts how much of an asset’s cost is expensed over time. It represents the recoverable value after disposal.
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Retained Earnings
Retained earnings represent the cumulative net profit a company keeps after distributing dividends to shareholfers. Reported under equity on the…
Running costs
Running costs are recurring operational expenses necessary for keeping the business functioning day-to-day. This includes fuel, maintenance, salaries, insurance, and…
Revenue expenditure
Revenue expenditure refers to costs incurred in the day-to-day running of a business, like rent, utilities, and maintenance. These are…
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