ServiceNow Certified Implementation Specialist – Hardware Asset Management — Question 152

The current value of an asset (original cost less the depreciated amount) is known as:

Answer options

• A. Cost of ownership
• B. Residual value
• C. Current balance
• D. Salvage value

Correct answer: B

Explanation

The correct answer is B, Residual value, which defines the remaining value of an asset after depreciation. Options A, C, and D do not accurately describe this concept; Cost of ownership refers to total costs, Current balance is not a term related to asset depreciation, and Salvage value typically refers to the estimated resale value at the end of an asset's useful life.