In a Parallel Conversion

question 12

Multiple Choice

In a parallel conversion:

• A)both the old and new systems are run for a period of time
• B)the old and new system are run for an entire year
• C)the old and new system are run while the old hardware is removed
• D)the new system is installed on one weekend and the old system is removed on the next weekend
• E)only one pilot site is used to run both the old and new systems in parallel

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Definitions:

Adjusted Cost

The net cost of an asset after adjustments for improvements, depreciation, or damage, providing a more accurate reflection of its current value.

Income Statement

A financial report detailing a firm's income, costs, and earnings during a designated time frame.

Adjusted Cost

A value that has been modified from its original cost to reflect changes due to various factors, such as depreciation or amortization.

Income Statement

A report showcasing a business's fiscal results during a particular accounting cycle, which includes information on income, costs, and profit.