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COGNITIVE ASSESSMENT Which of the following statements is not true about object-oriented databases (OODBs) ?
Economic Life
The estimated period over which an asset is expected to be economically useful to one or more users.
Present Value
Present Value is the current worth of a future sum of money or stream of cash flows given a specified rate of return, reflecting the time value of money.
Capital Lease
A lease agreement that is treated like an asset purchase for accounting purposes, where the lessee obtains the benefits and risks of ownership.
Bargain Purchase Option
An option in a lease agreement that allows the lessee to purchase the leased item at a price significantly lower than its expected fair market value.
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