The Biggest Change in Litigation in the Last Decade Is

question 38

Multiple Choice

The biggest change in litigation in the last decade is:

• A) an explosive rise of electronic discovery.
• B) a decrease in the use of discovery.
• C) the replacement of interrogatories with depositions.
• D) the use of juries in appellate courts.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been reported in accounting periods up to the current date for an asset, reducing its book value.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or age.

Book Value

The net value of a company's assets found on its balance sheet, calculated as total assets minus intangible assets (patents, copyrights) and liabilities.

Prepaid Insurance

Prepaid insurance refers to insurance premiums that have been paid in advance and are recorded as a current asset on the company's balance sheet until the period the insurance coverage relates to occurs.