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 ?
"One man's trash is another man's treasure;" that saying is true.
As the saying goes, "one man's trash is another man's treasure." You will need to work to ensure that your contractor and building team are recycling packaging (cardboard, metal, etc.) and that as many building materials as possible are recycled including, glass, metals, carpet, gypsum, and masonry.
This was my introduction to eBay, the wildly successful online auction service that gives new meaning to the phrase "one man's trash is another man's treasure." In the market for a talking necktie, a porcelain pig, or a beer helmet?