The Global Positioning System Is Based on the Concept of

question 223

Multiple Choice

The Global Positioning System is based on the concept of

• A) absolute location.
• B) relative location.

---

Definitions:

Depreciate

The structured allocation of a material asset's cost over its effective life.

Amortize

The process of spreading the cost of an intangible asset over its useful life or a debt over a specified period of time for accounting and tax purposes.

Deplete

Deplete means to use up or exhaust the supply or reserves of a natural resource, often associated with mining, oil extraction, and logging operations.

Cash Expenditures

Payments by cash or cash equivalents to acquire goods, services, or assets.