NICs Can Provide Access to Fiber-Optic, Wireless LAN, or Ethernet

question 13

True/False

NICs can provide access to fiber-optic, wireless LAN, or Ethernet networks.

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Definitions:

Equipment

Tangible assets used in the operation of a business, such as machinery, computers, and tools.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset from the time it was put into service until a particular date.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, representing how much of the asset's value has been used up during a financial period.

Contra Asset

An account on a company’s balance sheet holding a balance that is opposite to the normal account balance, such as accumulated depreciation.