Scrap value is the worth of a physical asset's individual components when the asset itself is deemed no longer usable. After a long-term asset—such as machinery, vehicle, or furniture—has gone through its useful life, it may be disposed of. Scrap value is also known as residual value, salvage value, or break-up value.

Scrap sale value (also known as residual value or salvage value) refers to the estimated amount of money an asset can be sold for at the end of its useful life, after it has been fully depreciated. This value is determined by the worth of the raw materials that can be recovered from the asset, such as the weight of the steel, aluminum, copper, or timber, rather than its functionality as a working machine or structure. For example, if a company retires a 20-year-old delivery truck, its scrap value is the price a local scrap yard will pay for its metal weight. In accounting, the scrap value is a critical component for calculating annual depreciation: it is subtracted from the original cost of the asset to determine the total "depreciable amount" over its lifespan. If the cost to dismantle and transport the asset to a scrap yard is higher than the value of the materials themselves, the asset is said to have a "negative scrap value."