The Speed of the U

question 68

Multiple Choice

The speed of the U.S.Internet backbone is _______ bytes per second.

• A)1 billion
• B)100 billion
• C)1 trillion
• D)100 trillion

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Definitions:

Double-Declining-Balance

A method of accelerated depreciation that doubles the rate at which an asset’s book value depreciates, allowing for a larger expense deduction in the early years of the asset’s life.

Straight-Line Depreciation

A method of allocating an asset's cost evenly over its useful life.

Mandatory Adoption

A requirement for companies to follow specific new accounting standards or regulations by a specified date.

FASB Statement

Official pronouncements by the Financial Accounting Standards Board that outline accounting standards and principles.