In Which Year Was the Modern Internet Developed

question 35

Multiple Choice

In which year was the modern Internet developed?

• A) 1969
• B) 1989
• C) 1995
• D) 1998

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Definitions:

Carrying Value

The net amount at which an asset or liability is reported on the balance sheet, calculated as original cost minus any depreciation, amortization, or impairment costs.

Common Stock

A type of security that represents ownership in a corporation, with holders having a claim on the company's earnings and assets.

Income Tax Rate

The percentage at which an individual or corporation is taxed on their income.

Straight-Line Method

A method of calculating depreciation of an asset, which assumes the asset will lose an equal amount of value each year over its useful life.