The Choice of Accounting Information System Will Depend on All

question 54

Multiple Choice

The choice of accounting information system will depend on all of the following except:

• A)The size of the organization
• B)The philosophy of management
• C)The ability of the company to capture information
• D)The nature of its processes

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Definitions:

Cost Expiration

A concept in accounting indicating the point at which a cost becomes an expense, typically when a cost directly contributes to generating revenue.

Intangibles

Assets that lack physical substance, such as patents, trademarks, and goodwill, which can still provide economic benefit to the business.

Straight-Line Depreciation

A practice of dividing up the cost of a tangible asset into regular annual segments during its period of use.

Depreciable Cost

The total amount that an asset can be depreciated over its useful life, subtracting any salvage value from the asset's initial cost.