Data Conversion Is Easier When the New System Replaces a Manual

question 79

True/False

Data conversion is easier when the new system replaces a manual system, because all data can be entered manually, unless it must be scanned.

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Definitions:

Net Realizable Value

The estimated selling price in the ordinary course of business minus the estimated costs of completion and the estimated costs necessary to make the sale.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired.

Fair Value

The estimated market value of an asset or liability, reflecting what a willing buyer would pay a willing seller in an arm's length transaction.

Salary Allowance

An agreed amount of money paid regularly to an employee on top of their salary for specific purposes, such as travel or housing.