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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 foam-handling version of the Scrapper is available in four sizes.
Yes she is a scrapper, one that every Canadian can be proud of--a legend, a symbol of Canadian honour in battle and a tribute to the fighting men of Canada who answered the call for freedom from those in need.
Scrapper Smith has not won in seven races since and is 7lb higher this year, but he does like Ayr, winning on three of his ten visits and finishing in the money on two other occasions.
Available both on the website and the mobile browser version, the iScrap App Metal Forum will be a useful tool for scrappers on the go, as well as at their home or business.
'The Power' said: "I may not be world champion any more, and I may not hold the Premier League title any more, but I'm still the little scrapper from a council house in Stoke.
Scrap dealers were also checked to see if the scrapper had been weighed in.
WORLD No 1 Phil Taylor insists he will be a "proper little scrapper" when his bid for a 14th PDC World Darts Championship gets under way at Alexandra Palace today.
DARTS: World No.1 Phil Taylor insists he will be a "proper little scrapper" when his bid for a 14th PDC World Darts Championship gets under way at Alexandra Palace tomorrow.
The fight will be Salford scrapper Brodie's final shot at the big time, after three failed WBC world title tries, but arguably his easiest against the actionpacked though limited Glaswegian.
The Cambuslang scrapper lost his belt in dramatic fashion at the Braehead Arena when a split decision went in favour of the Mexican veteran (right).
Tenders are invited for Supply of scrapper chain for hm bath
A huge black and tan dog launched itself at Scrapper. He shrieked with pain.