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Phil decides to sell his personal computer to buy a new laptop, so he deletes all the data on his hard drive. To ensure that the data on his hard drive cannot be recovered using any special software, he _____ the hard drive-overwrites the hard drive several times using a disk erasing software-before the selling the system.
Fixed Assets
Long-term tangible assets used in business operations, not expected to be converted into cash within a year, such as buildings and machinery.
Current Assets
Items of value that are likely to be cashed in, sold, or expended within the span of a year or throughout the usual functioning period of the company, whichever period lasts longer.
Intangible Assets
Non-physical assets with value, such as patents, copyrights, trademarks, and goodwill, that a business owns.
Copyright
A form of intellectual property that grants the creator exclusive rights to their original works of authorship like writings, music, and artworks.
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