To Rename a Field, Right-Click the Column Heading for the Field

question 100

True/False

To rename a field, right-click the column heading for the field, and then click Rename Field on the shortcut menu.

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Definitions:

Average Cost Method

An inventory costing method used to determine the cost of goods sold and ending inventory by averaging the costs of all items available for sale.

Schedule D Transactions

Refers to a tax form used in the U.S. to report capital gains and losses from the sale, exchange, or disposition of capital assets.

MACRS

Modified Accelerated Cost Recovery System, a method of depreciation in the U.S. for tax purposes, allowing faster recovery of investments in certain property through depreciation deductions.

Depreciable Real Property

Real estate eligible for depreciation for tax purposes, meaning its cost can be deducted over a period of time.