The Term _______________ Is Commonly Used to Describe the Web-Based

question 63

Short Answer

The term _______________ is commonly used to describe the Web-based business and computing functions or services accomplished by Web services software technologies and standards.

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Definitions:

Completed Contract Method

An accounting technique used for recognizing revenue and expenses on long-term projects only after the project is finished.

AMT Depreciation

Depreciation methods for the Alternative Minimum Tax purposes, which can differ from regular tax depreciation methods, often resulting in a slower expense recognition for AMT calculations.

Straight-line Method

A method of calculating depreciation and amortization by evenly spreading the cost over the useful life of an asset.

Personal Property

Tangible items and assets (excluding real estate) owned by an individual or business, such as vehicles, jewelry, and equipment.