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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 ?
Scrapper Smith has not won in seven races since and is 7lb higher this year, but he does like Ayr, winning on three of his ten visits and finishing in the money on two other occasions.
Available both on the website and the mobile browser version, the iScrap App Metal Forum will be a useful tool for scrappers on the go, as well as at their home or business.
The Power' said: "I may not be world champion any more, and I may not hold the Premier League title any more, but I'm still the little scrapper from a council house in Stoke.
Scrap dealers were also checked to see if the scrapper had been weighed in.
The second half of the season is the time to catch SCRAPPER SMITH (4.
SCRAPPER SMITH can build on a fine comeback at Haydock.
We first see the Jersey scrapper coming off one of many wins in 1928.
PORT GLASGOW featherweight Barry Hawthorne lost a bruising battle on points to local scrapper Jamie McKeevor at Everton Park Sports Centre in Liverpool last night.
Tenders are invited for TTPS Mech II AHP Unit IV BAH Breakdown and regular overhauling works in Scrapper Feeders clinker grinders for the period of work on or after 08 10 2017 and upto 31 03 2018
Scrapper heard a high-pitched scream of pain then a second thud, a third, a fourth.
As a result, the scrapper knows little about the outside world, until he is taken under the wing of a kindly, blind piano tuner who tries to teach him about humanity and show him there is more to life than violence.
SCOTTISH scrapper Ian McLeod is being lined up for an IBO world title fight five months ahead of schedule.