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Exam CIS-HAM All Questions

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Exam CIS-HAM topic 1 question 60 discussion

Actual exam question from ServiceNow's CIS-HAM
Question #: 60
Topic #: 1
[All CIS-HAM Questions]

How do you calculate residual value?

  • 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
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️

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Emily4
2 weeks, 2 days ago
Selected Answer: C
from text
upvoted 1 times
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JBurns1979
11 months, 1 week ago
Selected Answer: C
Page 466 Vancouver text
upvoted 1 times
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marka_1267
12 months ago
Selected Answer: C
C The Now Platform calculates the read-only Residual date and Residual value fields based on the Cost, Depreciation, and Depreciation effective date fields. For example, if the asset Cost is $1000.00, the Straight Line depreciation method is selected, and exactly two years have passed, the Residual value would be $500.00. https://docs.servicenow.com/bundle/vancouver-it-asset-management/page/product/asset-management/task/t_AddingDepreciationToAnAsset.html
upvoted 1 times
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SweeetPotato
1 year, 6 months ago
C p468 "subtract the depreciation from the cost of the asset"
upvoted 3 times
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Joe_E_B
1 year, 11 months ago
Selected Answer: C
Answer should be C - Subtract the depreciation from the cost of the asset
upvoted 2 times
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