A Direct Payment Is a Preauthorized Electronic Payment

question 141

True/False

A direct payment is a preauthorized electronic payment.

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Definitions:

Useful Life

The estimated lifespan of a depreciable asset during which it can be expected to contribute to company operations.

Average Rate of Return

A financial metric used to evaluate the profitability of an investment, calculated as the average annual profit divided by the initial investment cost.

Residual Value

The estimated value that an asset will realize upon its disposal at the end of its useful life.

Useful Life

The estimated period over which a fixed asset is expected to be usable by a company, beyond which it is considered to depreciate.