Which of the Following Statements Is FALSE

question 94

Multiple Choice

Which of the following statements is FALSE?

• A) Excel 2010 workbooks have xls as their file extension.
• B) A spreadsheet is a powerful computer program.
• C) Spreadsheets are a grid of rows and columns.
• D) Spreadsheets are commonly used to perform what-if analysis.

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Definitions:

Net Book Value

The current value of an asset or a company after subtracting total liabilities from total assets.

Accumulated Depreciation

The cumulative amount of depreciation that has been charged to a fixed asset throughout its period of use.

Original Cost

The initial expenditure involved in acquiring an asset, including purchase price, transportation, and installation.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear.