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Plain English writing makes good business sense because of the three advantages of
Salvage Value
The estimated value at sale of an asset following its period of utility.
Book Value
The net value of an asset as recorded on the balance sheet, calculated as the original cost minus accumulated depreciation or amortization.
Salaries Payable
An account that represents the amounts owed to employees for work performed that has not yet been paid.
Salary Expense
The total amount paid by a business to its employees for the work done over a specific period, often monthly or annually.
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