scrap value

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 value

scrap value

see RESIDUAL VALUE.
References in periodicals archive ?
It is assumed the metal was stolen for its scrap value and the damage was estimated at several thousands of pounds
"The cables costs a few hundred quid and I bet all they'll get scrap value is probably PS50."
"We can only assume someone must have seen the cables being put in, come back on Saturday night, cut it both ends and ripped the whole thing out for the scrap value.
An ordinary silver teapot from 1930 is worth about PS150, but a similar sized example from 1750, by a good maker, is worth many times more; some early items are extremely rare and may be worth 100 times more than scrap value, a huge difference.
Ronald Young, 55, concocted a scheme whereby he hired tonnes of heavy anchor chains and then sold them off to obtain the scrap value.
Transportation Assistant Secretary Mark Richmund de Leon said that have yet to start the scrapping since the Department of Transportation (DOTr) is still in search for accredited scrapping companies where jeepney drivers and operators can get good scrap value for their aging and pollution prone non-Euro-4 compliant units.
That authority revealed at the time that the scrap value is only just over PS1 - which means that the Redcar thieves might only have made as little as PS15.
Mr Roberts claims he told the firm he wanted to use the slide, which was previously condemned and deemed unfit for use by Denbighshire council, rather than buy it for its scrap value.
Offshore drilling services provider Ensco has announced its decision to sell several of its rigs for scrap value.
They will be of little use to the villains and their scrap value could be as low as PS20 - but surely any scrap dealer would immediately smell a rat if they were offered them.
When you think of what the old bins cost and what they will receive in scrap value it doesn't bear thinking about.