Jääkväärtus
Jääkväärtus, a Finnish term, translates to "residual value" in English and refers to the estimated worth of an asset at the end of its useful life or lease term. This concept is particularly relevant in financial contexts, such as accounting, leasing, and depreciation. When an asset is acquired, its initial cost is often depreciated over its expected lifespan. The jääkväärtus represents the portion of the original cost that is not depreciated and is expected to be recovered at the end of the asset's service.
In leasing agreements, the jääkväärtus is a crucial factor in determining monthly payments. The lessee effectively
Similarly, in accounting, the jääkväärtus is used to calculate depreciation expenses. The depreciable amount of an