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The Communications Definition, "Who Says What in Which Channel to Who

question 53

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The communications definition, "who says what in which channel to who and with what effects," introduces us to the basic layout of a communication process described by a Bell Laboratories mathematician named Claude Shannon, known as the:


Definitions:

Depreciation

A method of allocating the cost of a physical or tangible asset over its expected usable life to account for decreases in value over time.

Residual Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Asset Cost

The total amount incurred to acquire an asset, including purchase price and all expenditures necessary to bring the asset to its intended use.

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