Definition - What does Abatement Cost mean?
Abatement cost refers to all the costs incurred in the process of completely removing or cleaning the byproduct created during the manufacturing of goods. Certain service-oriented businesses create byproducts, to. These byproducts need proper disposal.
Justipedia explains Abatement Cost
Abatement cost is usually connected with manufacturing businesses because they have large manufacturing plants that have to be operated in accordance with environmental law and standards. However, abatement cost may also apply to small businesses like a dental office, where the dentist is required to dispose of any hazardous materials that may be created during his or her practice.