When Computers Stop Functioning Properly They Are Said to Be

question 5

True/False

When computers stop functioning properly they are said to be down and contingency plans must be activated to maintain workflow.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset over its useful life to date.

Original Cost

The initial price paid to acquire an asset before any depreciation or amortization.

Net Income

The earnings a company retains following the deduction of all costs and taxes from its overall income.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was put into use, subtracted from its original cost on the balance sheet.