Author Question: The IS function with the principal responsibilities of ensuring the security of all IT resources is ... (Read 68 times)

Deast7027 · **on:** Jul 5, 2018

The IS function with the principal responsibilities of ensuring the security of all IT resources is data control.
Indicate whether the statement is true or false

Question 2

XYZ Company owns an asset with historical cost of 75,000, estimated useful life of 10 years, and salvage value of 5,000. As of December 31, 2011, the asset has accumulated depreciation of 49,000 after adjustment.

The company still owes 20,000 in liabilities from the purchase of the asset years ago. What is the asset's book value on December 31, 2011?
A) 70,000
B) 26,000
C) 21,000
D) 6,000