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Author Question: Net profit for a service organization is determined by subtracting operating expenses from revenue ... (Read 116 times)

amal

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on: Jun 24, 2018
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?


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nikmaaacs

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

#REF!


amal

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Reply #2 on: Jun 24, 2018
Thank you :)


nikmaaacs

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Reply #3 on: Jun 24, 2018
Happy to help you


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