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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 second half started scrappily with misplaced passes from both teams causing moves to break down.
FOUR orphans - scrappily lifted from The Da Vinci Code, Nacho Libre, X-Men 3 and Snakes On A Plane - end up in The Chronicles Of Narnia via Charlie And The Chocolate Factory.
Cambo is the superior golfer, but this has been a disappointing year for the Maori, who played scrappily in defence of his World Match Play title and has rarely contended.
The second half started scrappily but Hunt almost had the home fans in raptures in 52 minutes when he got his head to a Samuel cross on the six-yard line.
Price admitted he began the day scrappily and thought he was heading for a score a few over par but he turned things around dramatically with one of the best back nines of the week over a brutal stretch at Royal St George's.
I played too scrappily for much of the time and did not hole enough putts,'' said the 44-year-old Oswestry-born Woosnam, now based in Jersey.
Lee Blessing recently made a retriever a central figure in his solo show about partisan politics, Chesapeake (Mark-Linn Baker made the canine scrappily memorable), and Jos[acute{e}] Rivera paralleled the relationship of the human lovers in his new play References to Salvador Dali Make Me Hot with an erotic verbal pas de deux between a cat and a coyote.
If there's a single, simple message that can be distilled from ``Jails, Hospitals & Hip-Hop,'' Danny Hoch's scrappily intelligent, pugnaciously funny new solo show, this may be it.
Birtley coach Graeme Rutherford said: "The first round started quite scrappily with both fighters neglecting their boxing and just trying to out-strength each other.
The second half started just as scrappily with a flurry of bookings on both sides and the Bay lost McMahon with a split lip that required five stitches after an elbow in the face.
After getting a little warm in the preliminaries the 1-10 favourite jumped scrappily at one or two on the back straight.
The scrappily scavenged point against West Ham made it three games unbeaten and edged Boro up to eighth.