Increasing the residual value of long-lived asset will decrease the depreciable cost of the asset.
The residual value of an asset refers to the estimated amount that an owner of the asset would earn by disposing of the asset, less any disposal cost.
Increasing the useful life of an asset would result in decreases the amount of depreciation and increasing the residual value of the asset will decrease the depreciable cost of the asset.
Basically, with the residual value, the end of the useful life of an asset is assumed.
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