Maintenance of a Database Can Involve the Need to _________________________

question 67

Short Answer

Maintenance of a database can involve the need to _________________________ periodically;that is,to change the database structure.

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Definitions:

Intangible Assets

Non-physical assets that have value, such as patents, copyrights, trademarks, and goodwill.

Amortization Expense

Amortization expense is the gradual charging to expense of the cost of an intangible asset over its useful life.

Useful Life

The estimated timeframe that an asset is expected to be usable for its intended purpose.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serves as a global framework for financial statements.