Final answer:
The residual value of the asset purchased by Sampson Corp. for $260,000 with a depreciable amount of $209,000 is $51,000, which is calculated by subtracting the depreciable amount from the purchase price.
Step-by-step explanation:
The residual value of an asset is the estimated amount that an entity can obtain from disposing of the asset at the end of its useful life after deducting any expected costs of disposal. In this case, Sampson Corp. originally purchased an asset for $260,000 and the depreciable amount is $209,000 over an eight-year useful life.
To find the residual value, you subtract the depreciable amount from the original purchase price:
Residual Value = Original Purchase Price - Depreciable Amount
Residual Value = $260,000 - $209,000
Residual Value = $51,000
Therefore, the correct answer is c. $51,000.