ServiceNow Certified Implementation Specialist – Hardware Asset Management — Question 16

How do you calculate residual value?

Answer options

• A. Subtract the amortized value from the cost of the asset
• B. Subtract storage and lease cost from the cost of the asset
• C. Subtract the depreciation from the cost of the asset
• D. Subtract the salvage value from the cost of the asset

Correct answer: C

Explanation

The correct answer is C because residual value is calculated by taking the original cost of the asset and subtracting total depreciation. The other options do not accurately represent how to determine residual value, as they involve different deductions that are not relevant to this calculation.