Case-Based Critical Thinking Questions

question 9

Multiple Choice

Case-Based Critical Thinking Questions
Case MYF 2
Polly is volunteering for a local theater company.She has signed up for help with marketing materials,including ticket design,posters,and letterhead.Her first assignment is to create a poster for the group's performance of The Nutcracker.One requirement is that the poster must include a photograph of the New York City skyline,since the performance will take place in New York City.
-Polly is ready to get to work on the poster.But first she wants to create a folder hierarchy for her project;she expects she will have to do a lot of moving from one location to another within the file hierarchy.The best place to do this is in ____.

• A) Internet Explorer
• B) the Documents folder
• C) Windows Explorer
• D) the Address Bar

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Definitions:

Annual Depreciation Expense

The portion of the cost of a fixed asset that is charged as an expense in a particular fiscal year, as a result of wear, tear, and obsolescence.

Straight-Line Depreciation

A method of calculating the depreciation of an asset by evenly spreading its cost over the expected life of the asset.

Asset Impairment Loss

A sudden write-down or devaluation of an asset to its fair market value which is lower than its currently recorded cost, reflecting unexpected decreases in value.

Future Cash Flows

Estimated incoming and outgoing cash transactions expected to occur in the future.