Physical Depreciation Occurs When a Fixed Asset Is No Longer

question 53

True/False

Physical depreciation occurs when a fixed asset is no longer able to provide services at the level for which it was intended.

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Definitions:

External Vendor

A third-party company or individual that supplies goods or services to a business or organization.

Data Center

A facility used to house computer systems and associated components, such as telecommunications and storage systems, often used for storing, managing, and disseminating large amounts of data.

On-demand CRM

Customer Relationship Management software delivered as a service over the internet, allowing immediate access without the need for installation or maintenance.

Salesforce

A cloud-based software company known for its customer relationship management (CRM) product and other enterprise applications focused on customer service, marketing automation, analytics, and application development.