scrap value


Also found in: Wikipedia.

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 value

scrap value

see RESIDUAL VALUE.
References in periodicals archive ?
Not structurally sound but has exceptional scrap value.
It's relatively easy for a shady vehicle rebuilder to get hold of a badly damaged car for scrap value then fix it up to look like new, finally selling it on for a huge profit.
We are now asking them to, instead, let us take the metal discs away and whatever scrap value we get can then be donated to our fund," said Mr Parker.
A single pack of four batteries is said to be worth PS1,500 but their scrap value is considerably less.
We are stupid to ourselves, we should take all metal things such as washing machines and any other scrap metal items to the local scrap merchants and get paid for the scrap value, instead of taking it to the tip.
Detective Constable Symon Clarke, of Bournemouth and Poole CID, said: "An 18-carat gold chain, with a scrap value of around pounds 700 has been recovered as a result of this arrest.
The poles will more than likely have been stolen for their scrap value and we are carrying out checks at scrap yards across the force area to see if they have been weighed in.
Members of the public are asked to be vigilant and are encouraged to keep any items which may have scrap value safely under lock and key.
From a commercial point of view: Scrap Value pounds 1m Cost of Demolition pounds 1m = pounds 0 To Middlesbrough Council it is actually a liability.
The 6in by 4in tablets cost pounds 50 each new but have a total scrap value of pounds 45.
Chris, 40, of Linlithgow, said: "Shell said they would give me pounds 960, plus pounds 40 for the scrap value of my car.
Summary: LONDON -- Gangs of metal thieves are targeting London's sculptures, statues and even war memorials, stripping them from their plinths and melting them down for their scrap value as commodity prices soar.