scrap


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Residual Value

In accounting, an estimate of the value of an asset at the end of its depreciation. For example, a firm's computer depreciates each year. When it breaks down or becomes obsolete, it has a residual value; it is calculated by the best guess of the net cash inflow when it is sold at the end of its life. It will never be above the blue book value.

In price regulated industries, the residual value may be a negative value because it includes the net cash outflow in removing the asset from where it was used. For example, nuclear energy plants must store the nuclear waste at the end of their useful life. This cost is a contributing factor in the residual value. It is also called the salvage value or scrap value. See also: Absolute Physical Life, Obsolescence.

scrap

seriously defective or damaged components or products that are rejected by a firm's QUALITY CONTROL system as incapable of being rectified and which have to be disposed of for the salvage value of their materials.
References in periodicals archive ?
As part of that effort, each issue of Aerospace Manufacturing and Design will include an insert entitled Scrap Management that has been designed to help provide plant managers at scrap-generating facilities with valuable insight on maximizing scrap value and proper scrap handling methods.
RMA's report, based upon a comprehensive survey of state scrap tire and solid waste officials and industry participants, says that 259 million of 299 million scrap tires generated in 2005 went to an end use market.
The markets for ferrous scrap should hold up fairly well throughout the next several quarters, according to speakers at the ISRI event.
Patented warm-feed system predensifies, size reduces and prewarms scrap before it enters the extruder.
On the contrary, ISRI considers the current situation as simply a point in a highly-cyclical scrap market that will revolve with time, and no controls need to be enforced.
5 million tons of scrap aluminum -- enough to provide new siding for 8 million homes;
The Second Annual Materials Management Preferred Scrap Supplier Award Presentation will take place on Thursday, September 7th 2006 in Knoxville, Tennessee.
In 1987, Randy took the plunge and purchased a piece of property in Pittsburgh so he could enter the scrap business full time.
The RMA ranked states by their overall performance in dealing with scrap tire issues and how states improved since the previous scrap tire report in 2003.
Weima has a new WL series of shredders for woven and non-woven scrap.
In January of 2002, ferrous scrap markets were continuing to struggle through a market trough, with American Metal Market reporting No.
Cozzi Consulting Group partner Frank Cozzi says, "Our biggest role will be the marketing of scrap," though the firm will also provide "operational consulting" concerning O'Brien's handling and processing of scrap.