Discuss What Storage Devices Are, Including an Explanation of Storage

question 2

Essay

Discuss what storage devices are, including an explanation of storage media, USB flash drives, and hard disks in your answer.

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Definitions:

Computer System

A set of integrated devices that interact to process, store, and output data according to programmed instructions.

Estimated Useful Life

Estimated useful life is the expected time period during which an asset is useful to the owner for its intended purpose.

Revaluation Surplus

An increase in the value of an asset that is reflected on the company's balance sheet when the asset is revalued to its current market value, leading to an appreciation in the asset's worth that is not realized through sales.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the IASB that aims at making global financial statements more comparable.