In an Excel Sheet, What Is the Meaning of the Formula

question 38

Multiple Choice

In an Excel sheet, what is the meaning of the formula =SUM(C3:C8) ?

• A) Add all the values starting from the third cell to eighth cell in the third column.
• B) Add all the values starting from the third cell to eighth cell in the third row.
• C) Add the value of the third cell in the third column to the eighth cell in the third column.
• D) Add the value of the third cell in the third row to the eighth cell in the third row.

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Definitions:

Disposal

The process of getting rid of an asset, including selling, scrapping, or another method of removal from the company's possession.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense over its useful life up to a specific date.

Residual Value

The projected worth of a tangible asset upon reaching the conclusion of its operational lifespan.

Depreciation Expense

An accounting method used to allocate the cost of a tangible or physical asset over its useful life.