If You No Longer Use a Hardware Device, You Can

question 14

True/False

If you no longer use a hardware device, you can easily remove it from your computer.

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Definitions:

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life.

Insurance

A contract represented by a policy in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.

Schedule E

A tax form used to report income and losses from rental property, royalties, partnerships, S corporations, estates, and trusts.

Net Loss

The result when a company's or individual's expenses exceed their income.