1) Gross salvage is the total amount a company expects to recover from salvage, and 2) net salvage is the gross amount less costs associated with the salvage process, such as vehicle towing and disposal costs.
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1) Gross salvage is the total amount a company expects to recover from salvage, and 2) net salvage is the gross amount less costs associated with the salvage process, such as vehicle towing and disposal costs.
