A Codec Converts a Video File from on Format to Another

question 66

True/False

A codec converts a video file from on format to another, such as .avi to .mp4.

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Definitions:

Carrying Amount

The value at which an asset or liability is recognized on the balance sheet after deducting any accumulated depreciation, impairment, or amortization.

Technology

The application of scientific knowledge for practical purposes, specifically in industry and commerce, including the development and use of digital tools and systems.

Straight-Line Method

An accounting method of depreciation where the value of a fixed asset is reduced uniformly over its useful life.

Depreciable Amount

The cost of an asset, or other amount substituted for cost, less its residual value.