SaaS Stands for Software as a ____

question 36

Multiple Choice

SaaS stands for Software as a ____.

• A) Service
• B) System
• C) Single-user
• D) Series

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Definitions:

Depreciation Expense

The allocated cost of an asset over its useful life, representing how much of the asset's value has been used up during an accounting period.

Capital Lease

A lease agreement that is recorded as an asset on the lessee's balance sheet because it essentially transfers the risks and rewards of ownership.

Capital Lease Obligation

A lease classified as a financial transaction where the lessee essentially buys an asset and borrows the funds through a lease.

Periodic Cash Payments

Regular financial payments made over a stipulated period, such as dividends or loan repayments.