Values in an AutoNumber Field Are Automatically Created by Access

question 71

True/False

Values in an AutoNumber field are automatically created by Access.

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Definitions:

Impairment Loss

A decrease in the recoverable amount of an asset below its carrying amount, leading to a reduction in the value recorded on the balance sheet.

Carrying Value

The net book value of an asset or liability on a company's balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Bond Discount

is the difference between the face value of a bond and its selling price when the bond is sold for less than its face value.

Straight Line Amortization

A method for calculating the periodic reduction in the carrying amount of an intangible asset, spreading the cost evenly over its useful life.