Examlex
Which of the following terms refers to a collection of servers?
Disposal
The act of getting rid of an asset through sale, exchange, retirement, or destruction.
Accounting Equation
The fundamental principle of double-entry bookkeeping: Assets = Liabilities + Equity, depicting the relationship between a company's resources and claims on those resources.
Historical Cost Principle
An accounting principle that states assets should be recorded and reported at their original purchase cost.
Cash-Equivalent Value
The value of an asset that is easily convertible into a known amount of cash with minimal risk of change in value.
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