Step 1: Concept
A peptide bond forms through a condensation reaction joining the $\alpha$-carboxyl group of one amino acid to the $\alpha$-amino group of another amino acid.
Step 2: Meaning
The term "residue" reflects what remains of the individual amino acid molecules after structural atoms are lost during the polymerization assembly process.
Step 3: Analysis
* Assertion (A) is correct: Once bonded within a polypeptide chain, the individual building blocks are formally termed amino acid residues.
* Reason (R) is correct: During the enzymatic creation of each peptide bond, a dehydration synthesis occurs where a hydroxyl group ($-\text{OH}$) is lost from the carboxyl terminal and a hydrogen proton ($-\text{H}$) is lost from the amino terminal, releasing a net molecule of water ($\text{H}_{2}\text{O}$). This chemical loss is the direct reason they are called "residues".
Step 4: Conclusion
Both statements are accurate, and the structural mechanism described in (R) directly explains the naming convention outlined in (A).
Final Answer: (A)