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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 ?
But the scrappiness would return, neither side managing to get any flow to their play and Pearson's five-man midfield bogging the game down in the centre of the pitch.
Pic ends on an amusingly cynical note, but there's a scrappiness to the script that could stem from the pic having been allegedly developed through improvisation.
Manager Casey Stengel liked him because of his scrappiness.
If you hook into a 6-plus-pound roe shad, you will likely be playing this fish for 10 minutes as the combination of the river currents, the fish's fusiform body, and its scrappiness make for a spectacular fight.
Let's say you would take the scrappiness of a Lee Jay, combine it with the esprit de corps of Stroud's and mix in the entrepreneurial spirit of Bed Bath, and maybe the better market pedigree of LNT.
With the scrappiness continuing in the second half, it was always going to take a mistake to break the deadlock.
What is new and most captivating about it, though, is the continuing innovation and scrappiness of the men of the Tank Destroyer Force as they gained more information about their foe, weapons evolved, and terrains and other conditions changed during the course of the War.
It made the home fans happier, but the scrappiness that went before cast a pall over the benefits of another three points.
After a dull first half, notable only for its scrappiness, Cowan pounced seven minutes after half-time to head home a right-wing cross from Craig Farrell.
My only slight reservation is that he didn't jump quite as cleanly as he might, although to be fair, his occasional scrappiness never looked like developing into a fall.
Despite the result, Lee was not happy with the scrappiness of some of the play.