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Default IF formula

Hello,
I need a formula that will do the following:

Add the sum of N10 and V10 up to 40. If N10 and/or V10 is over 40, I want
the difference to go to cell O16.
For example N10 = 42 and V10 = 43, I want 80 to go in cell O15 and 5 to go
in cell O16.

Can anyone help?

Thanks!
 
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