Scrap Value definition

Scrap Value. Means, in connection with the sale of an item of Equipment pursuant to Section 407 of the ICF Indenture, the fair market value of such item of Equipment if sold at the end of its Useful Life.
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Scrap Value means the minimal worth of an asset after it is depreciated. "Site Preparation" means costs for the preparation of a site for construction or
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Scrap Value. It is also called as Junk Value or Breakup Value of Demolition Value. It will represent the value of old materials in a building less cost of demolition.
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Examples of Scrap Value in a sentence

  • In this method the life of machinery is estimated in hours and the whole loss on the machinery (Cost - Scrap Value) is divided by such hours.

  • The amount of compensation due the Government by the Contractor shall be the Intrinsic Value of the property, as determined by the KO, i.e., the amount of compensation due to the Government may range from Scrap Value, Salvage Value, Repair Cost, or Replacement cost, as determined by degree of the LDDT and the continuing need of the Government for that equipment.

  • An MMIS report titled ‘Stores Department Survey Committee Report’ listed a total of 12 lots being considered for auction with details such as lot number, PL no., Quantity, Book Rate, Book Value, Scrap Value etc.

  • The Scrap Value of Fixed Asset is 5% of the Cost of Acquisition in accordance with AS-10.

  • The formula used for abnormal gain is: Abnormal Gain Total Cost incurred – Scrap Value of Normal Loss x Abnormal Gain Unites Input units – Normal Loss Units The sales values of abnormal gain units are transferred to Normal Loss Account since it arrive out of the savings of Normal Loss.


More Definitions of Scrap Value

Scrap Value means the price paid for container material types subject to this division, after shipping and handling costs are deducted.
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Scrap Value means the scrap value of a Vessel determined in accordance with the scrap prices in the Far Eastern scrapyards reported in the latest "Shipping Intelligence Weekly" issue of Clarkson Research Studies, or, in case such publication is not published, does not exist, or is not obtainable by the Bank, such other reputable (in the opinion of the Bank) publication as the Bank may reasonably determine;
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Scrap Value means the amount that an asset is estimated to be worth at the end of its useful life;
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Scrap Value means, in relation to a the Ship, a sum in Dollars (as certified by the Lender whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrower) which is equal to the Lightweight of the Vessel multiplied by the Scrap Price of the Vessel, as such sum may be adjusted by the Lender in accordance with clause 8.2.2;
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Scrap Value means at any time for any metal, the price obtained by Borrower most recently prior to and within one month of such time for scrap metal of that type or, if neither Borrower has consummated a sale for scrap metal of that type within one month of the date of determination, a price reasonably determined by Agent in consultation with Borrower.
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Scrap Value means the price paid for container material types subject to this division, after shipping and
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Scrap Value means the value at which an item would be
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