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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.


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 ?
When the scrap metal collectors said that they were going to call the police, the buyers allegedly told them: "Let's keep quiet about this.
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.
According to police however, scrap metal thefts have actually tapered off as a result of new regulations brought in this year.
Detective Inspector Mark Cleland, of British Transport Police, said: We will be working with scrap metal dealers to enforce this code of conduct until legislation kicks in later in the year.
With several topics listed for discussion like, scrap metal tips, tools for the job, electronic waste recycling, proud to be a scrapper, and several others, the iScrap App Metal Forum will be a new place for the scrap world to come together.
In a meeting with Home Office Minister Lord Henley last week, CLA President Harry Cotterell said he was told cash payments by scrap metal dealers will be prohibited.
Among nonviolent crimes, there are few more despicable than those perpetrated against the dead and their memories, including toppling gravestones, putting graffiti on monuments, or doing what a North Grafton man is accused of - stealing brass grave markers to sell as scrap metal.
The company has pledged the value of scrap metal bought in and donated by members of the public throughout July to the charity.
a scrap metals recycler servicing the automotive service center chain store industry with commercial customers throughout North America, has executed a Letter of Intent to acquire a 51% interest in the scrap metal auto parts export business of Earth Metal Scrap USA, Inc, a New York Metropolitan Area based export firm with trading facilities in India and Dubai.
A STAINLESS steel manufacturer has secured a record half a million pounds in compensation after thieves stole scrap metal from its site.