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.
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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