If a Formula Is in a Calculated Table Column You

question 112

True/False

If a formula is in a calculated table column you need to make a change in only one cell and the change will automatically be copied to all the cells in the column.

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Definitions:

Salvage Value

The anticipated recovery value of an asset when it no longer has usable life.

Straight-Line Method

A method of calculating depreciation by evenly allocating the cost of an asset minus its salvage value over its estimated useful life.

Office Furniture

Items and fixtures used in an office setting for the purpose of work, including desks, chairs, and file cabinets.

Revised Annual Depreciation

The updated calculation of depreciation expense per year after making any necessary adjustments to asset value or useful life.