A Programmed Routine in the Edit Run for Payroll Lists

question 48

Multiple Choice

A programmed routine in the edit run for payroll lists all employees who worked more than 50 hours during the week for review. This is an example of a:

• A) validity check.
• B) reasonableness check.
• C) sequence check.
• D) self-checking check.
• E) independent check.

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Definitions:

Depreciation Expense

Depreciation expense is the allocated portion of the cost of a tangible asset that is expensed over its useful life, reflecting wear and tear, obsolescence, or loss of value.

Double-Declining-Balance

A method of accelerated depreciation which doubles the normal depreciation rate, reducing the value of an asset more quickly in its early years.

Accelerated Depreciation

A depreciation method that allows faster write-off of assets in the initial years of asset life.

Accumulated Depreciation

The total depreciation for a fixed asset that has been charged to expense since the asset was acquired and put into use.