An Electronic Storage File Where Firms Keep Customer Information Is

question 48

Multiple Choice

An electronic storage file where firms keep customer information is known as a(n) :

• A)database.
• B)MP3 file.
• C)e-mail server.
• D)management information system.

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Definitions:

Residual Value

The estimated value that an asset will have at the end of its useful life.

Useful Life

The estimated duration for which an asset is expected to be functional and economically viable for its intended purpose.

Periodic Depreciation

The allocation of an asset's cost over its useful life, recognized as an expense on the income statement at regular intervals, typically annually.