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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 ?
Momma Dee seems on board with Scrappy's request to keep things private, but things appear to change when she is later seen grabbing a bite to eat with her new daughter-in-law and several other cast members.
Getting into the scrappy mindset means marketing smarter and more efficiently with an eye on your specific marketing strategy.
"They beat us in November and we didn't perform by any means in a tight, scrappy game.
Sometimes you look at it and think a scrappy performance and a 1-0 win will do.
Smith said: "We were a bit scrappy as was the whole affair.
He said: "It was a scrappy game but we were delighted to get three points."
"It was a scrappy game but one we were delighted to get three points from," said Jewell.
In a scrappy game involving two rusty sides, LSH took an early lead and never looked like being beaten.
Scrappy Women in Business is a guidebook to charting the tricky choices and situations that comprise a career path.
Scrappy robber tried to runaway after hearing police alarm but robber fell down 6 times while he trying to escape from the market.