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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 ?
"With the launch of Scrap Yard Golf we're offering guests even more of a reason to visit the centre this summer," said Lucy Burnett, marketing manager atTouchwood.
A local daily said that witnesses confronted a man who was spotted dumping bags in the scrap yard and he eventually admitted that they contained body parts.
"I saw a brown skinned man with a beard dump things in the scrap yard opposite us," said the 23-year-old Pakistani national.
Craft beer lovers will be spoilt for choice, with 20 real ales on offer at The Scrap Yard, in Liscard
The scrap yard is located in Mumbra-Kausa area of Thane district.
The post Excavations for missing in Kyrenia scrap yard appeared first on Cyprus Mail .
About 100 tyres caught fire in a scrap yard, in Rowley's Green Lane, sending huge plumes of smoke billowing into the sky which could be seen from miles around as drivers made their way to work.
The iScrap App is the leading mobile app and online directory that connects scrap yards with their customers.
SCRAP yard owners are being warned they may face prosecution and could have their businesses shut down after police recovered pounds 20,000 of stolen cable.
expands scrap yard operation in Taiwan(C)1994-2012 ENPublishing - http://www.enpublishing.co.uk
Children's toys are stolen, maybe they too end up in the scrap yard. I can't begin to think of the hurt and hardship caused by these thoughtless criminals.
in Cicero, and the scrap yard is on South Paulina Street in Chicago, the agency reported.