Key Requirements to a Successful ERP Implementation Include Adequate Computer

question 34

True/False

Key requirements to a successful ERP implementation include adequate computer support,accurate system inputs,and flexible business processes that can conform to the approaches used in the ERP software logic.

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Definitions:

Gain On Sale

The profit received from selling a capital asset for more than its purchase price.

Plant Asset

A long-term asset used in the production of goods or services, not expected to be consumed or converted into cash within a year.

Book Value

The worth of an asset as reported in the balance sheet, determined by subtracting any depreciation from the asset's initial cost.

Depreciable Cost

The total amount that an asset’s value can be depreciated over its useful life, excluding salvage value.