The Dynamics of Technology Involve the Constant Change That Often

question 82

True/False

The dynamics of technology involve the constant change that often challenges the structures of social institutions, including social relationships, the legal system, religion, education, business, and leisure.

---

Definitions:

Estimated Life

The expected period over which an asset will be useful in the operations of a business.

Units-Of-Output Method

A depreciation technique that allocates the cost of an asset based on its usage, work output, or units produced.

Depreciable Cost

The cost of a fixed asset minus its salvage value, over which the cost is allocated across the useful life of the asset.

Actual Yearly Output

The total quantity of products or services produced by a company within a specific year.