Training Can Also Reduce the Risk of System Downtime

question 35

True/False

Training can also reduce the risk of system downtime.

---

Definitions:

Journal Entry

The recording of financial transactions in the journal as part of the accounting process, where each transaction includes a debit and a credit.

Expected Useful Life

The estimated length of time an asset will be used in normal business operations.

Depreciation Calculation

The process of allocating the cost of a tangible asset over its useful life.

Placed In Service

The point in time when an asset is ready and available for its intended use, often marking the start of depreciation or amortization for accounting purposes.