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What Three Criteria Must Be Met Before a Governmental Unit

question 34

Essay

What three criteria must be met before a governmental unit can elect to not capitalize and therefore report a work of art or historical treasure as an asset?


Definitions:

Latch Outputs

Output commands in a programmable logic controller (PLC) that maintain their state until explicitly changed by another part of the program.

Unlatch Outputs

A command in PLC programming used to turn off or reset output devices back to their default state.

ON Inputs

Inputs in a control system that are in a state representing activation or presence of a signal, typically triggering a response or action.

OFF Inputs

Inputs in a control system that are in a deactivated or off state, not currently triggering any action.

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