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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.


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 ?
Most vulcanized elastomers can be mechanically ground (for recycling) to a fine particle size with none of the compounding ingredients contained in the scrap being changed or removed.
In reclaiming of scrap vulcanized rubber, the scrap is normally ground and is then treated with the application of heat, chemical peptizers and is then intensely worked mechanically to partially devulcanize (depolymerize) the rubber component.
Historically, scrap tires, tire parts and tire buffings have been the primary source of raw scrap rubber available for reclaiming.
It has been used to melt steel scrap commonly available in the U.
Quantitative metallography indicated that a Wilman melt using steel scrap contains fewer coarse nodules than a pig iron (conventional) melt.
Licensed users confirm superior casting quality over conventional practices and a reduction of undesirable trace elements when steel scrap is melted in this manner.
Several large scrap companies, including OmniSource Corp.
Ralph Pinkert, senior vice president of MSA ScrapSite, says activity on the site has grown quietly and steadily "it has proven to be an efficient, effective tool for companies to market their scrap at or above the market [pricing] at any given time," he comments
The exhibit hall will feature more than 150 exhibitors offering the latest products, services and equipment for the scrap recycling industry.
With scrap markets enjoying the higher end of their historical trading range, the 2004 ISRI Convention is likely to draw a healthy crowd of scrap dealers, processors, brokers and consumers to Las Vegas to take part in the year's most anticipated gathering of the scrap recycling industry.
Certainly, scrap metal is part of the stream with value, so demolition contractors represent an important generating source of scrap for processors looking to increase their incoming scrap volume.