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Selma leases equipment from ABC Corp. At the end of the lease, the equipment will revert to the lessor.The equipment has a useful life of 8 years and has no residual value. The depreciable basis is the original cost of the equipment less the estimated residual value of the equipment at the end of the lease term. Residual or Residual Value – The value of equipment at the conclusion of the lease term. Amount of residual value guarantee included in the lease payments. Residual value is a term used to describe the estimated value of an asset after a lease term has expired or the lessee no longer needs it. Present value of lease payments and guaranteed residual value . Entities with limited appetite for residual value risk may choose to lease assets because of the risk transfer benefit,. Simply speaking, if you lease a machine or asset for 5 years, then the residual value is the value of the asset at the end of 5 years.
