I am concluding that software is a fixed asset simply because it is tangible; it can be seen and used. ... The ownership is retained by the lessor, hence, the asset is recorded as such in his books and not on the books of the lessee. ... If all of the above requirements are met, then the lease of the software can be classified as a capital lease and is recorded as an asset in the books of the lessee while the lessor writes down the asset as if it had been sold and records the corresponding receivable and unearned interest income. ... The auditor should determine whether the lessor or the le...

• Word Count: 1697
• Approx Pages: 7

I am sure there are many more that would make us think twice about not caring for our floppies. ... With the release of the recordable disk, the demand for floppies has gone down. This is because with the recordable disks you can have up to 700 megabytes of space! ... These recordable disks are now looking very attractive towards today's computer audience. ...

• Word Count: 1389
• Approx Pages: 6
• Grade Level: High School

Businesses have their organization's finances, records, and information on the World Wide Web (WWW). On this network formally called the Internet, any person with a home computer or even one at their place of business, can access data, information, records, logs, and databases of organizations". ... I am not sure who developed the notion to do this and the ability to do this, but "encrypting" a program or text on your computer is something that most computers with an up-to-date version of Windows can do. ...

• Word Count: 1612
• Approx Pages: 6
• Grade Level: High School

Citizens are becoming concerned that the most intimate details of their daily lives are being monitored, searched and recorded. ... A potentially valuable source for profits for online services is enclosed within the records of subscribers browsing patterns or transaction-generated information. ... But I am sure that they have smart enough people to implement this kind of task force and they some high official are installed to oversee and make sure their power is not exceeded. ...

• Word Count: 1548
• Approx Pages: 6
• Grade Level: Undergraduate

In 1889, am American inventor, Herman Hollerith (1860 - 1929) applied the Jacquard loom concept to computing. ... This machine by Hollerith was a tremendous success as the census takers only took six weeks to tabulate and record their results. ...

• Word Count: 2409
• Approx Pages: 10
• Grade Level: High School