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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 ?
Since getting back together, Bambi hasn't shared photos of herself and Scrappy together on Instagram.
On one memorable occasion, Scrappy saved firefighters from potential injury as he sniffed out a trap which had been set up by an arsonist before it sparked.
If it's an OG in the last minute of a scrappy game, then so be it.
The family is now struggling to come to terms with losing Scrappy, who had been with Derek, 63, since he was a puppy.
It was a scrappy game but one we were delighted to get three points from," said Jewell.
The game became very scrappy for the next 25 minutes and a yellow card for each team saw the intensity drop.
I've been thinking about the accidental nature of careers for some time now," said Kimberly Wiefling, executive editor of the Scrappy series.
The interesting side of the robbery was the scrappy robber's running away after felling 6 times.
The race for the inside produces a scrappy first bend in the third Stan James Puppy Derby semi at Wimbledon on Friday.
Last year's World Championship finalist at least rectified that in a scrappy third frame but he still found himself further behind as Hamilton moved 3-0 ahead.
LEYTON ORIENT goalkeeper Stuart Nelson gifted Nottingham Forest a scrappy win.
NO matter the mistakes, no matter the scrappy play, Dave Woods could not have been happier with Gateshead Thunder's one-point win at Keighley (writes NICK PUREWAL).