Crystal Ball Is

question 42

Multiple Choice

Crystal Ball is:

• A)a standalone simulation program.
• B)a specialized simulation language.
• C)an Excel add-in for simulation.
• D)a graphic simulator program.

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Definitions:

Depreciation Method

A methodical strategy for distributing the expense of a physical asset across its lifespan.

Straight-Line

A method of allocating an asset's cost evenly over its useful life for purposes of depreciation.

Contra Asset Account

An account on a balance sheet that reduces the value of an associated asset account, such as accumulated depreciation.

Accumulated Depreciation

Accumulated depreciation is the total amount of depreciation expense that has been recorded for an asset, representing how much of its value has been depleted over time.