Determination of the cost of corrosion is not a simple, straightforward job. A part of the problem depends on what is meant by corrosion and what is meant by cost. This paper is a guide for isolating the cost of corrosion. By also taking into account the effects of taxes and the time value of money, a measure is obtained of the cost of corrosion which is credible, and which is meaningful in relation to other costs and the net earnings of an organization. 1.2.2

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Copyright 1956 by the National Association of Corrosion Engineers.
1956
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