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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It’s not a standard practice, this was done with 2 specific aircraft carriers at the end of last year. The metal is worth a lot of money but it also costs a lot of money to move 50,000 tons and then break it apart into usable pieces. They decided to basically call it even. The Navy generally has to pay for their ships to be broken down and recycled but the amount of steel in the aircraft carriers was enough to offset that cost.
Basically you’ve got an old fridge you don’t need anymore. It’s too heavy to move alone and it’s not worth enough to justify hiring movers. So you
tell your buddy they can have it if they come get it
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