ServiceNow CIS-HAM free question 10 / 10 · Domain 5: Financial Management of IT Assets
What does the Cost field of a hardware model represent?
- The expected useful life in months
- The cost of an individual model
- The estimated value left at the end
- The depreciation scheme to apply
Show the answer and explanation
Answer: B
Why this is correct
The Cost field holds the cost of an individual model.
Why the other options are wrong
"The estimated value left at the end" … The value expected to remain is held in the Salvage value field of the model.
"The depreciation scheme to apply" … The depreciation scheme of the model is held in the Depreciation field.
"The expected useful life in months" … The useful life is held in the Useful life (months) field.
Key point
Cost, Depreciation, Salvage value, and Useful life are separate fields on the hardware model, so the financial details are kept with the model.
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