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Question 11/74
How do you calculate residual value?
Correct Answer: C
According to the Hardware Asset Management documentation, residual value is the estimated value of an asset at the end of its useful life.
Residual value is calculated by subtracting the depreciation from the cost of the asset, as stated in the Hardware Asset Management documentation: "Residual value = Cost - Depreciation".
Depreciation is the amount of value that an asset loses over time due to wear and tear, obsolescence, or other factors.
Therefore, the correct answer is option C, subtract the depreciation from the cost of the asset. Reference:
Hardware Asset Management documentation
What is Hardware Asset Management?
Residual value is calculated by subtracting the depreciation from the cost of the asset, as stated in the Hardware Asset Management documentation: "Residual value = Cost - Depreciation".
Depreciation is the amount of value that an asset loses over time due to wear and tear, obsolescence, or other factors.
Therefore, the correct answer is option C, subtract the depreciation from the cost of the asset. Reference:
Hardware Asset Management documentation
What is Hardware Asset Management?
- Question List (74q)
- Question 1: What feature does the Hardware Asset Management (HAM) applic...
- Question 2: Which ServiceNow role enables the user to perform actions re...
- Question 3: What is the primary goal of the Inventory tab of the Hardwar...
- Question 4: What requirements must be met in order for a consumable asse...
- Question 5: Which applications are required to perform a blind audit of ...
- Question 6: A contract can be cancelled when the State is what?...
- Question 7: A transfer order is used to do what?...
- Question 8: Which of an organization's assets are managed using stockroo...
- Question 9: Once the content update adds hardware lifecycle data to your...
- Question 10: How could you quickly determine if you had the Hardware Asse...
- Question 11: How do you calculate residual value?...
- Question 12: For what asset actions are asset tasks provided? (Choose thr...
- Question 13: As part of the hardware model normalization process, the Con...
- Question 14: What minimum role is required in order to use the Hardware A...
- Question 15: What happens to the associated assets when you cancel a tran...
- Question 16: When a stock manager receives a new delivery of consumables,...
- Question 17: Your customer complains that when their users click on the C...
- Question 18: Publishing an item to the Service Catalog can be done by usi...
- Question 19: Which of the following are considered assets? (Choose three....
- Question 20: What plugin offers consistent, good, clean data for the comp...
- Question 21: What is tracked throughout the life of an asset? (Choose thr...
- Question 22: What are the five valid phases of the Now Create methodology...
- Question 23: Which catalog facilitates the ability to source from existin...
- Question 24: What information would you find on the Procurement tab of th...
- Question 25: Which features are part of the ServiceNow Mobile App? (Choos...
- Question 26: What plugin helps alleviate inconsistencies in company names...
- Question 27: What is the focus of asset management?...
- Question 28: Expected outcomes of IT asset management (ITAM) include whic...
- Question 29: What is the name of the scheduled job that generates expense...
- Question 30: Which of the following are valid contract states during a co...
- Question 31: Taxes paid at the time of purchase are what type of cost?...
- Question 32: The current value of an asset (original cost less the deprec...
- Question 33: When sourcing a requested item from a supplier using the cat...
- Question 34: During hardware model normalization, a hardware asset is set...
- Question 35: What is the global standard for product recognition used dur...
- Question 36: Which of these automatic restocking actions are available in...
- Question 37: Within the asset audit form, where would you find the list o...
- Question 38: Stock rules have automatic restocking actions that occur thr...
- Question 39: With regard to Contract Management notifications, what is th...
- Question 40: Which are valid hardware model lifecycle phases? Choose 3 an...
- Question 41: Delegated Developers are granted access only to what in whic...
- Question 42: To perform hardware model normalization, which three fields ...
- Question 43: During an inventory audit, what happens if you accidentally ...
- Question 44: When selected on the model category form, what feature preve...
- Question 45: How can you automate the replenishment of stock levels?...
- Question 46: What are some examples of operational expenses of managing a...
- Question 47: What are the goals of IT asset management (ITAM)? (Choose fo...
- Question 48: Once a Catalog Item has been requested, what mechanism deter...
- Question 49: What is the preferred method of parsing in the Transform/Com...
- Question 50: Which view displays metrics to the user to indicate when the...
- Question 51: When a Document Template is created from an HR Case, the nam...
- Question 52: What happens to the consumable's asset record after it has b...
- Question 53: What information should be tracked in an asset record? (Choo...
- Question 54: What fields does the ServiceNow Content Service normalize or...
- Question 55: What is the process of restructuring data to maintain consis...
- Question 56: What are baseline asset states? (Choose three.)...
- Question 57: What are the key steps for importing asset data? (Choose thr...
- Question 58: Which of these tables are installed with Hardware Model Norm...
- Question 59: Which mobile app can users leverage to view the assets assig...
- Question 60: To access the full spectrum of asset management functionalit...
- Question 61: What is the difference between ITAM personas and ITAM Roles?...
- Question 62: What are ways to measure trustworthy data? (Choose four.)...
- Question 63: For advanced risk assessment, risk response can be handled i...
- Question 64: Which tab on the Hardware Asset Dashboard enables tracking a...
- Question 65: How do you prevent normalization information fora specific h...
- Question 66: What is the impact of a customer opting out of the ServiceNo...
- Question 67: What is the purpose of stock rules? (Choose two.)...
- Question 68: When running an asset audit, you receive the result of 10 "S...
- Question 69: Which values does the "Asset tracking strategy" field provid...
- Question 70: Hamm is a member of the Asset Managers group which has the h...
- Question 71: When working in conjunction with a Field Service Management ...
- Question 72: Which three attributes from a hardware model record are used...
- Question 73: Hardware models may not be fully normalized until updated co...
- Question 74: What is the default display name for an asset?...
