What Are the Three Methods of Obtaining Software? What Is

question 8

Essay

What are the three methods of obtaining software? What is a turnkey system?

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Definitions:

Routine Maintenance

Routine maintenance refers to the regular upkeep actions performed to keep equipment or systems functioning efficiently and prevent unforeseen breakdowns.

Accumulated Depreciation

The total amount of depreciation expenses allocated to a fixed asset since it was put into use, reducing its book value.

Original Cost

The initial purchase price or investment made in acquiring an asset, including any related acquisition costs.

Leasehold

An interest in land or property which is held on a lease.