salvage value. >> Excuse me, professor. What the lamb is salvage value?
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>> Just hold on a little bit, we'll get to that a little later.
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Dave also paid $12,000 cash upfront, to rent office space for the next year. During the month of December, Dave's company moves two cars the clients will pay them $40,000 within 30 days. Dave also pays his employees $10,000 of wages. Now it's December 31st and the bank wants to see some financial statements.