The Use of Various Forms of Information Technology in the Production

question 60

Multiple Choice

The use of various forms of information technology in the production process is referred to as

• A)computerized investments and machines.
• B)computerized integration of machines.
• C)computer-integrated manufacturing.
• D)computer intense manufacturing.

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Definitions:

Units-Of-Production Method

A depreciation method in which an asset's cost is allocated based on the number of units it produces.

Salvage Value

Salvage value is the estimated residual value of an asset at the end of its useful life.

Units-Of-Production Method

A depreciation method that allocates the cost of an asset over its useful life based on the number of units it produces.

Depreciation Expense

The allocated amount of an asset's cost over its useful life, representing how much of the asset's value has been used in a given fiscal period.