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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 innovation of the purification technique of scrap metals is the recent trend of the industry.
SIDON, Lebanon: Thousands of tons of scrap metal are piling up across Lebanon after Turkey last week halted imports of the material, in an apparent response to a Lebanese ban on certain Turkish imports.
Ironically, these objects had originally been fashioned from mostly scrap metal, and scrap metal is believed to be the reason for the theft.
The replacement costs and the dangers to which both thieves and victims are exposed, generally bear no relation to the sale value at the scrap merchant - the theft of scrap metal worth pounds 20 may inflict pounds 500,000 of damage and risk lives.
Scrap metals that URSI purchases and recycles include:
Dealers in scrap metal are well trained to recognize stolen or ill-got items, and can tell when a story or item lacks the ring of truth.
"The more scrap metal people bring to us throughout July, the more we can donate to Midlands Air Ambulance."
No matter what style of truck or size of container it is hauling, that container will need to be sturdy to stand up to the weight, abrasiveness and sharpness of scrap metal.
In early October, the BMF and the Bureau of International Recycling lined up against the Environment Agency in the High Court to hammer out a definition for scrap metal.
foundries each year reuse more than 15-20 million tons of scrap metals. Although scrap metal materials are now exempt from RCRA'S hazardous waste management requirements, these materials are in serious danger of being classified as 'hazardous secondary materials" that will be regulated by EPA.
Volumes of ferrous scrap metals increased by 340% between 2003 and 2012, while the value thereof (in Rand) increased by 1060%.