Binary Files Frequently Require Less Storage Space Than Their Character-Based

question 41

True/False

Binary files frequently require less storage space than their character-based counterparts.

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Definitions:

Book Value

Book Value is the value of an asset according to its balance sheet account balance, taking into account the cost of the asset less any depreciation, amortization, or impairment costs.

Plant Assets

Long-term tangible assets used in the production and distribution of goods and services, such as buildings and machinery.

Accounting

The systematic process of recording, summarizing, and analyzing financial transactions of a business.

Accumulated Depreciation

The aggregate depreciation charged on a fixed asset since its acquisition.