What is an unguaranteed residual value


Response to the following questions:

(a) What is a bargain-purchase option?

(b) What is the definition of "incremental borrowing rate"?

(c) What is the definition of "estimated residual value"?

(d) What is an unguaranteed residual value?

If possible, please give examples to better understand your answers.


 

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Financial Accounting: What is an unguaranteed residual value
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