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Brown Cafe UPS Forum
UPS Union Issues
What "Strong" truly stands for
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<blockquote data-quote="Gimme Danger" data-source="post: 2125862" data-attributes="member: 61557"><p>Just talking assets and liabilities, say you spend 300k on new cars, and take out car loans for each car totaling 300k. Now the depreciation hits when driving cars off the lot, 70k gone. The assets will show 230k (after a few months or a year anyway) but debt will be 300k. Interest on car loans, maintenance, gas, insurance, taxes, registration. Debt slowly goes down, depreciation hits again.</p><p>Take allowances. No debt and no assets. No registration, no insurance, no car payments, no taxes, no gas, no maintenance. Just a flat payroll number.</p><p>Makes business sense to me anyway.</p></blockquote><p></p>
[QUOTE="Gimme Danger, post: 2125862, member: 61557"] Just talking assets and liabilities, say you spend 300k on new cars, and take out car loans for each car totaling 300k. Now the depreciation hits when driving cars off the lot, 70k gone. The assets will show 230k (after a few months or a year anyway) but debt will be 300k. Interest on car loans, maintenance, gas, insurance, taxes, registration. Debt slowly goes down, depreciation hits again. Take allowances. No debt and no assets. No registration, no insurance, no car payments, no taxes, no gas, no maintenance. Just a flat payroll number. Makes business sense to me anyway. [/QUOTE]
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