FIFO and LIFO Are Two Common Methods Used to Compute

question 224

True/False

FIFO and LIFO are two common methods used to compute the depreciation of tangible assets.

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Definitions:

Positive Reinforcements

The introduction of rewarding stimuli following a desired behavior to increase the likelihood of it being repeated.

Punishment

A consequence designed to reduce the occurrence of unwanted behavior by either applying a negative stimulus or removing a positive one.

Oral Reprimand

is a verbal expression of criticism or disapproval, usually from a person in authority.

Organizations

Entities comprising multiple people, such as businesses or charities, that work towards a common goal through structured coordination.