If You Set 100 as the Default Value Property for the Rate

question 732

True/False

If you set 100 as the Default Value property for the Rate field, 100 is inserted in the Rate field for all new records only.

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Definitions:

Accumulated Depreciation

The cumulative value of depreciation expense assigned to a physical asset from the time it was first utilized.

Major Class of Asset

Represents categories of assets grouped based on their similar financial characteristics, such as cash, inventory, property, etc.

Sum-Of-The-Years'-Digits

A method of depreciation that accelerates the write-off of assets by applying a decreasing fraction to the depreciable amount each year.

Straight-Line Method

A depreciation technique that allocates an equal amount of depreciation expense for an asset each year.