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Natural Gas > Net Salvage
The following information is about Net Salvage.
Net Salvage Defined
In accounting, the difference between gross salvage and cost of removal resulting from the removal, abandonment or other disposition of retired plant. Positive net salvage results when gross salvage value exceeds removal costs. Negative net salvage results when removal costs exceed gross salvage value. Positive net salvage decreases the cost to be recovered through depreciation expense and negative net salvage increases it.
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