Your Smartphone Allows You to Take and Store Photos, and Play

question 121

Multiple Choice

Your smartphone allows you to take and store photos, and play and view your digital media. What is this overlap of technologies called?

• A)digibridge
• B)digital assimilation
• C)digital device convergence
• D)digital device integration

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Definitions:

Estimated Total Useful Life

The approximate duration of time that an asset is expected to be functional and economically viable.

Remaining Book Value

The net value of an asset or liability recorded in the financial statements, excluding depreciation or amortization.

Straight-Line Method

A method of calculating depreciation or amortization by evenly distributing the cost of an asset over its useful life.

Salvage Value

Salvage value is the estimated resale value of an asset at the end of its useful life, used in determining depreciation amounts.