Which of the Following Formulas Can You Use to Extract

question 2

Multiple Choice

Which of the following formulas can you use to extract the minute from the time in cell G5: 10:00:56?

• A) MINUTE(G5)
• B) =MINUTE(G5)
• C) =MINUTE("10:00:56")
• D) MINUTE("10:00:56")

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Definitions:

Salvage Value

The expected resale price of an asset at the termination of its functional life.

Depreciation Rate

The percentage rate at which an asset loses its value over time, typically used for accounting or tax purposes.

Monthly Depreciation

The apportionment of the cost of an asset over its useful life on a monthly basis.

Double-Declining-Balance

A method of accelerated depreciation which doubles the straight-line depreciation rate.