Net profit for a service organization is determined by ...

[amal]

Net profit for a service organization is determined by subtracting operating expenses from revenue received.
  Indicate whether the statement is true or false

Question 2

The depreciation schedule for office furniture is created in Excel. The cost of the asset is in Cell C4, the life of the asset is in Cell C5. Column A contains the year, Column B contains the rate percent, Column C contains the cost basis, Column D contains the annual depreciation, Column E contains the accumulated depreciation, and Column F contains the end-of-year book value. Using the modified accelerated cost recovery system of depreciation, what formula should be keyed into Cell E9 to calculate the second-year accumulated depreciation?

[nikmaaacs]

Answer to Question 1

TRUE

Answer to Question 2

#REF!

[amal]

Thank you

[nikmaaacs]

Happy to help you