In Object-Oriented (OO) Design, the Concept of Packaging Data and Procedures

question 50

Multiple Choice

In object-oriented (OO) design, the concept of packaging data and procedures into a single object is called ____.

• A) validation
• B) encapsulation
• C) verification
• D) consolidation

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Definitions:

Modified Accelerated Cost Recovery System (MACRS)

A method of depreciation applied in the United States that allows for faster write-offs of assets to encourage investment.

Class Life

The expected useful lifetime of a fixed asset, which determines the depreciation rate for tax and accounting purposes.

Depreciation

The accounting process of allocating the cost of a tangible asset over its useful life to reflect its decrease in value over time.

After-Tax Cash Flow

After-tax cash flow is the net cash flow generated from business activities after accounting for taxes, indicating the actual cash a company has on hand after tax obligations.