I read in the news that after decommissioning its aircraft carriers, the US Navy sells them to a scrapping company in exchange for $0.01.
How does something that cost over $5 billion to build and contains over 50,000 tons of steel get reduced in value to a mere single cent?
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While a huge undertaking, there has to be money in it for the scrapper. The steel alone should be worth $10,000,000 give or take. Im sure there are miles of copper and other scrapable things. With that being said i cant imagine the time and effort to scrap it all
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