Initially,the Very-High-Speed Backbone Network Service Was Set Up to Connect

question 16

True/False

Initially,the very-high-speed backbone network service was set up to connect government supercomputer centers with a select group of universities.

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Definitions:

Fixed Assets

Long-term tangible assets that a firm uses in its operations and that are not expected to be consumed or converted into cash within a year.

Receivables

Money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Modified Accelerated Cost Recovery System (MACRS)

A method of depreciation used for tax purposes in the United States that allows businesses to recover investments in certain property over a specified life through annual deductions.

Tax Deductions

Expenses that can be subtracted from gross income to reduce taxable income and overall tax liability.