By Default,Excel 2016 Files Are Saved in the Native Microsoft

question 47

Multiple Choice

By default,Excel 2016 files are saved in the native Microsoft Excel Workbook file format with the following file extension ________.

• A).xls
• B).xlsx
• C).xlsd
• D).csv

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Definitions:

Straight-line Method

A method of calculating depreciation of an asset, dividing the difference between its cost and salvage value by the total number of years it is expected to be in use.

Salvage Value

The expected financial return on an asset at the time of its disposal after its serviceable life has concluded.

Depreciation Expense

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

Real Estate

Property consisting of land and the buildings on it, along with its natural resources, involved in buying, selling, or renting land, buildings, or housing.