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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 key players in the global scrap metal recycling market are Sims Metal Management, K&K Metal Recycling, European Recycled Metal, TOTALL Metal Recycling, Metallon Recycling, TKC Metal Recycling, Metso, OmniSource Corporation, and Kirby Metal Recycling.
Sidon scrap metal trader Hussein Khalifa, whose family owns the largest scrap metal depot in southern Lebanon, said the price of a ton of scrap metal had plummeted from $230 to $180 last week.
White, 29, admitted failing to produce waste transfer notes, knowingly facilitating the deposition of household waste by allowing his vehicle to be used to transport items to the social club and two counts of carrying on as a scrap metal dealer without a scrap metal collectors licence.
"In Erzurum as many as 40 people earn a living collecting scrap metal and recyclables.
At the Kirklees meeting in March police said the licence rejection would send a strong message "to all Kirklees scrap metal dealers that taking and handling stolen metal is not only unacceptable, but it also puts your licence in jeopardy as well".
She added: "To help reduce metal theft, fly tipping and noise, our Environmental Crime Unit has regular operations with the police locally which licensed scrap metal dealers are very supportive of."
Though police investigations are as yet inconclusive, scrap metal trading is a likely motive.
In areas where there are council ID schemes for casual scrap metal sellers then this will also include a local authority issued photo ID card.
"‪The iScrap Forum is not the first scrap metal forum out there, but it is another form of connection that the iScrap App is doing.
THE Country Land and Business Association (CLA) claims it has won its campaign to have cash payments by scrap metal dealers banned, much to the delight of Welsh landowners and rural businesses.
AN OPERATION to target rogue scrap metal dealers in the city saw a wide variety of metal seized.