An _____________ Is a Well-Known Service That Signs Transactions If

question 70

Multiple Choice

An _____________ is a well-known service that signs transactions if they state a fact and that fact is considered to be true. They may optionally also provide the facts.

• A) notary
• B) oracle
• C) node
• D) endpoint

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Definitions:

Depreciation Expense

Depreciation Expense represents the systematic allocation of the cost of a tangible asset over its useful life, reflecting its wear and tear or obsolescence.

Contra-Asset

A contra-asset account is an asset account where the balance of the account is either zero or a credit balance, used to reduce the value of the related asset, such as accumulated depreciation for fixed assets.

Accumulated Depreciation

The total amount of a company's asset that has been expensed for depreciation to date.

Accrued Expense

An expense that has been incurred but has not yet been paid or recorded in financial statements through standard accounting entries.