Some of the Most Common Formatting Options Available in the Format

question 85

True/False

Some of the most common formatting options available in the Format Cells dialog box are also available on the HOME tab and on the Mini toolbar.

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Definitions:

Value In Use

The value today of the cash flows that are expected to come from an asset or a revenue-producing entity in the future.

Impairment Loss

A reduction in the recoverable value of an asset below its carrying amount on the balance sheet, recognized as a loss.

Recoverable Amount

The higher value between an asset's fair value minus costs of disposal and its value in use.

Carrying Amount

The amount at which an asset or liability is recognized on the balance sheet after deducting any accumulated depreciation, amortization, or impairment.