Numeric or Categorical Information Is Referred to as ________

question 74

Multiple Choice

Numeric or categorical information is referred to as ________.

• A) structured data
• B) unstructured data
• C) predictive data
• D) optimized data
• E) converted data

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Definitions:

Depreciation

Depreciation is the systematic allocation of the cost of a tangible asset over its useful life to reflect its decrease in value due to wear and tear, age, or obsolescence.

Depreciable Cost

The total cost of a tangible fixed asset that is subject to depreciation over its useful life, including purchase price, installation charges, and other costs necessary to bring the asset into usable condition.

Straight-Line Method

A method of calculating depreciation in which an asset's cost is divided evenly over its estimated useful life.

Salvage Value

An asset's predicted market price upon exhausting its useful life.