The Systems Support and Security Phase Begins When a System

question 48

True/False

The systems support and security phase begins when a system becomes operational and continues until the system reaches the end of its useful life.

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Definitions:

Physical Substance

A characteristic of an asset that consists of material existence; tangible assets that can be seen, touched, or quantified.

Depletion

Systematic and rational allocation of the cost of a natural resource over the period of its exploitation

Straight-Line Depreciation

A method of allocating an asset's cost evenly across its useful life.

Natural Resources

Assets occurring in nature, such as mineral deposits, timber tracts, oil, and gas