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Default Why is Excel rounding when I truncate?

I have a formula:

=L2*M2*0.00125

this gives me the number 252.96

if i truncate to zero decimal places using cell formatting it returns
253??? Also if the value is 252.46 it truncates to 252? How is it
doing this?
I though truncating meant removing the extra decimals not rounding.
 
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