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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 ?
The show is a competition to build machines assembled from a scrap heap.
Louis, was falling apart and required a major restoration project to save it from the scrap heap.
Our school is closed, a fenced off scrap heap; the sand never returning--no magic in the wind.
Nadler, a wisecracking, straight-talking, unabashed liberal, is one of those New Dealers the New Democrats would like to relegate to history's scrap heap. As a member of the Progressive Caucus in Congress, he helped formulate a simpler, smaller tax-cut plan that didn't favor the wealthy, but he and his progressive colleagues were not able to sell it to the party leadership.
People over 50 years old regard themselves as being on top of the jobs scrap heap, according to research which found that the vast pool of knowledge and experience in this section of the workforce is largely untapped.
That's an incentive for builders to hire a deconstruction service--now offered in-house by many salvage stores--to dismantle old buildings and divert tons of debris away from the scrap heap. And since many of these services are nonprofit, customers get a tax write-off, too.
The irony is that its is HP's PA-RISC instruction set wins the Report's award for best RISC processor when it is destined for the scrap heap.
The best known of Orozco's vehicle pieces is La DS, 1993 (when pronounced phonetically, "DS" produces the sound equivalent to the French word for "goddess," deesse), in which the artist conducted a series of operations (including repair, fragmentation, subtraction, and reconstruction) in a Parisian body shop on what was originally a junked car destined for the scrap heap. Splitting the car lengthwise in three fairly equal parts, Orozco reconstructed it while omitting the middle section (along with the motor), and topped off this severe weight-loss program with a "face-lift" that spruced up the exterior.
In the City Council, a significant number of representatives feel that the regulatory system is overdue for some real overhaul - if not for the scrap heap. And, among the public at large, there is the growing recognition that the regulatory system favors a few at the expense of the many, that it subsidizes tenants through sharply reduced property taxes, and discourages sales of real property with their healthy stimulus on the City's economy.
This year will see 77,000 vehicles heading for the scrap heap, at least double last year's total.
We know these cuts are forced upon us by the Conservative government but nevertheless over 1,400 people will be left without jobs on the scrap heap along with other unemployed in Kirklees.
ELDERLY people are complaining that they have been 'put on the scrap heap' following council plans to cut their budget by more than half.