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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Same reason companies (try to) sell 22″ LCD monitors for $1 – it costs them more to store and properly dispose of it than it’s worth. A company that specializes in this has at-scale mechanisms in place for transport, demo, hazmat disposal, and scrapping that can allow them to see some margin on it. Economic realities.
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