The term "residual value of the asset" refers to the fair value of the leased asset when the term oflease expires as estimated on the lease inception day.
资产余值,是指在租赁开始日估计的租赁期届满时租赁资产的公允价值。
2
The inceptionof the lease refers to the date of lease agreement or the date on which the parties to the lease make commitments to the key terms of lease, whichever is earlier.