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During the design phase of a SDLC, if the project team selects a solution that requires custom programming, the team's systems analysts will create a set of ________ specifications.
Depreciation Expense
The allocated amount of an asset’s cost over its useful life, representing wear and tear, decay, or obsolescence.
Prepaid Subscriptions
Prepaid subscriptions are payments made in advance for services or products to be received in the future, often resulting in a liability for the company until the service period has occurred.
Subscription Expense
Recurring costs associated with subscribing to a service or product on a regular basis.
Adjusting Entry
An accounting record made to update the value of an account to its true value and reflect expenses or revenues that have occurred but aren't yet recorded.
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