Leases of Short-Term Assets Are Operating Leases,and Leases of Long-Term

question 77

True/False

Leases of short-term assets are operating leases,and leases of long-term assets are capital leases.

---

Definitions:

Bit

Short for binary digit (0s and 1s), the only data that a CPU can process.

Magnetic Tapes

A medium for magnetic recording, made of a thin magnetizable coating on a long, narrow strip of plastic film, used for data storage and backup.

Organizations

Entities comprised of multiple people working together towards a common goal or purpose, often structured in a way to manage resources, processes, and responsibilities.

ALU

Arithmetic Logic Unit (ALU) is a critical component of a computer's processor that performs all arithmetic and logical operations within the computer.