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Related to scrap heap: Scrapheap Challenge

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 ?
The show is a competition to build machines assembled from a scrap heap.
Hard working, honest men thrown onto the scrap heap their pride torn apart and families/communities split.
But just five years after it was installed, the giant sphere is now lying discarded on a scrap heap.
But BA and BMI need to do all in their power to ensure the 90 or so workers at Belfast City Airport are not thrown on the scrap heap - many of them after years of service.
Right now people are being turfed out of their jobs, while children leaving school are going on the scrap heap no matter how clever.
UP to pounds 1 billion worth of gadgets could end up on the Christmas scrap heap in the form of unwanted gifts, a study suggests.
THE new coalition government completely overlooks one group of workers desperate for a job but thrown on the scrap heap, that is the over -50s.
A 23-year-old Skoda with only 2,500 miles on the clock has been saved from the scrap heap and is back in a Newcastle showroom.
Button and the Brawn Formula 1 team saved from the scrap heap eight days ago.
We must take a step back in time to save our young people from the scrap heap.
I AM currently casting for the 10th series of the ever popular Channel 4 show, Scrap Heap Challenge.
Roy Ashburn, R-Bakersfield, the district was able to spare the bus from the scrap heap.