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In this Excel 10 tutorial, the presenter explains how to add and remove strikethrough formatting in Microsoft Excel. The process is straightforward: first, select the desired cells, then click the arrow button to open the Format Cells dialog box. In the dialog, navigate to the "Effects" section, check the "Strikethrough" option, and click OK to apply the formatting. To remove it, repeat the process, unchecking the Strikethrough option and clicking OK again. The tutorial concludes with a request to subscribe and a suggestion to explore additional resources on Microsoft Excel VBA.