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What Are the Two Types of Flare Groove Welds

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What are the two types of flare groove welds?


Definitions:

Salvage Value

Salvage value is the estimated residual value of an asset at the end of its useful life, indicating how much the asset can be sold for after it is no longer useful for its intended purpose.

Estimated Life

The expected period over which an asset will be useful in the operations of a business.

Units-Of-Output Method

A depreciation technique that allocates the cost of an asset based on its usage, work output, or units produced.

Depreciable Cost

The cost of a fixed asset minus its salvage value, over which the cost is allocated across the useful life of the asset.

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