All the Employees of Magus Enterprises Are Required to Have

question 64

Multiple Choice

All the employees of Magus Enterprises are required to have a block of text containing a few standard lines about the company at the bottom of all work emails.This is known as a ________.

• A)template
• B)boilerplate
• C)theme
• D)transcript
• E)facsimile

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Definitions:

Fully Depreciated

Fully Depreciated refers to an asset that has reached the end of its useful life, and its book value is equal to its salvage value in the financial records.

Double Diminishing-Balance

A method of accelerated depreciation which charges depreciation at a higher rate in the early years of an asset's life.

Accumulated Depreciation

The total amount of an asset's cost that has been allocated as depreciation expense over its useful life.