Using a 'net basis' means that the proceeds from the disposal of a depreciable asset should not be separately treated as:

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Using a 'net basis' means that the proceeds from the disposal of a depreciable asset should be used to offset the carrying amount of the asset and any related accumulated depreciation, resulting in either a gain or a loss. The proceeds should not be separately treated as revenue or income, as these are terms used to describe the inflow of funds from ongoing operations, not the disposal of assets.

Using a 'Net Basis' Means That the Proceeds from the Disposal