Its mostly accounting - I've seen this before at other places I've worked.
Years ago I once worked for a white goods manufacturer who decided to move their main warehouse. There was pallets and pallets of brand new fridges, ovens, toasters, etc., that were either EOL or near to it. They hired onsite compactors and security guards to ensure it was all written off. Myself and other staff were mortified at the waste; they wouldn't even consider donating to charity - that could have earned them significant good will but the accountants said no.
It wasn't just the white goods either, the service dept was attached to this facility and they dumped 1000's of components and test equipment! I sneakily scored my first Fluke DMM, a trusty 8060A before a carton of them headed to the crusher.
I left soon after,its one thing to trash old computer gear, its a whole other thing to trash stuff that could make a significant impact on peoples lives for a little effort.
Back then too, that all went to landfill - at least now the stuff I retire gets recycled.