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What occur when the software vendor releases updates to software to fix problems or enhance features?
December 31
December 31 is traditionally the final day of the Gregorian calendar year, and it is often the fiscal year-end for organizations operating on a calendar year basis.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in an equal and consistent manner.
Book Value
The net value of a company's assets found on the balance sheet, calculated as total assets minus intangible assets (patents, copyrights) and liabilities.
Residual Value
The estimated amount that an asset is worth at the end of its useful life.
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