[Richard Farrant]

Originally Posted by Hanno Spoelstra

Residual value does not exist in government accounting. The budget was spent, there is no asset value in the books. Even when time comes to dispose of assets, making money is not the prime objective of governments.

H.

This may have been the case at one time, but in the UK the Disposals Services Authority has been running for some time now, and getting more value from disposal of its reduntant equipment, so so much so that the Australian government has taken note of the UK operation and learning lessons from it in their bulk disposal of military vehicles which is becoming dated or obsolete. This fact was noted from one of their official statements.