In What Year Did the Technology Stock Bubble Burst

question 38

Multiple Choice

In what year did the technology stock bubble burst?

• A)2000
• B)2006
• C)2007
• D)2008

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Definitions:

Accumulated Depreciation

The total amount of an asset's cost that has been expensed over its useful life, reflecting wear and tear or obsolescence.

Office Furniture

Items of movable equipment that are used in an office setting for functional or decorative purposes.

Documentary Evidence

Written or printed records that are used to support the transactions recorded in the accounting system.

Trial Balance

An accounting report that lists all the balances of each ledger account at a point in time to ensure that debits equal credits as part of the double-entry bookkeeping system.