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Why is payroll typically considered a good application

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Reference no: EM132853369

Problem 1: Payroll is often used as a good example of when batch processing by using magnetic tapes is considered appropriate. Why is payroll typically considered a good application for this type of storage device?

Problem 2: If an asset that is not fully depreciated is sold or disposed, but the fixed asset records are not adjusted, what effect will this have on the financial statements?

Reference no: EM132853369

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