Once Information Is Input into a Computer, It Becomes ____

question 8

Multiple Choice

Once information is input into a computer, it becomes ____.

• A) data
• B) output
• C) memory
• D) software

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Definitions:

Units-Of-Production Depreciation

A depreciation method that allocates the cost of an asset over its useful life based on units produced rather than time, reflecting actual wear and tear.

Accumulated Depreciation

The total amount of depreciation expense allocated to a fixed asset since it was in service, reducing its book value on the balance sheet.

Service Life

The estimated duration of time that an asset is expected to be usable for its intended purpose.

Asset Impairment

A significant and sudden decline in the usability or fair market value of an asset, which necessitates the reduction of its book value on financial statements.