Examlex
Research has shown that the more successfully a firm can align its IT with its business goals,the more profitable it will be.What practical steps should a firm use in aligning IT with its goals?
Intangible Asset
An asset without physical substance that provides economic benefit, such as patents, copyrights, trademarks, and goodwill.
Lease Term
The duration for which a lease agreement is effective, specifying the start and end dates.
Modified Accelerated Cost Recovery System
A tax depreciation system in the United States that allows for faster asset depreciation in the early years of asset life.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset evenly over its useful life, used for accounting and tax purposes.
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