During the "Computer Revolution" of the 1980s and 1990s,many Firms

question 88

Essay

During the "computer revolution" of the 1980s and 1990s,many firms replaced old technology with new technology.What might explain why firms don't change technology as quickly today?

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Definitions:

Supplies Expense

The cost incurred from consuming supplies that are used during the operation of a business, often classified as an expense on the income statement.

Supplies

Items used in the daily operations of a business, not directly tied to the product or service being sold.

Depreciation Expense

The distribution of a physical asset's cost over its lifespan to account for depreciation or becoming outdated.

Building

A structure with a roof and walls, such as a house, school, or factory, constructed as a place for people to live, work, or carry out activities.