Depreciation is the difference between a vehicle’s original value and its value at lease-end (_____________ value), and is the primary factor that determines the cost of leasing.
A. remnant
B. reserve
C. residual
D. retained
Answer:C
Depreciation is the difference between a vehicle’s original value and its value at lease-end (_____________ value), and is the primary factor that determines the cost of leasing.
A. remnant B. reserve C. residual D. retained