MB-310 Manage Fixed Assets — All Questions With Answers

Question 1mediummultiple choice

Read the full Manage Fixed Assets explanation →

Refer to the exhibit. The asset Truck01 has been acquired. Given the configuration, what will be the depreciation behavior if the depreciation proposal is run for the entire year 2023?

Exhibit

{"Asset": "Truck01", "DepreciationProfile": "SL_5YR", "DepreciationConvention": "FullYear", "AcquisitionDate": "2023-01-01", "AssetCost": 50000, "Status": "Open"}

Question 2mediummultiple choice

Read the full Manage Fixed Assets explanation →

You need to perform a bulk acquisition of 50 identical laptops. Which feature should you use to minimize data entry time while ensuring each laptop is tracked as an individual fixed asset?

Question 3mediummulti select

Read the full Manage Fixed Assets explanation →

Which THREE components are mandatory when creating a new Fixed Asset master record in Dynamics 365 Finance?

Question 4mediummultiple choice

Read the full Manage Fixed Assets explanation →

A company needs to dispose of a fully depreciated fixed asset that has no remaining value. How should this be recorded in Dynamics 365 Finance?

Question 5mediummultiple choice

Read the full Manage Fixed Assets explanation →

A manufacturing company utilizes the Straight line service life depreciation method for its equipment. They need to ensure that the depreciation amount is recalculated based on the remaining life of the asset whenever a manual adjustment is made to the service life field. Which setting must be configured on the Depreciation profile to support this requirement?

Question 6mediummulti select

Read the full Manage Fixed Assets explanation →

You are setting up Fixed asset groups for a new legal entity in Dynamics 365 Finance. You need to ensure that specific default values are automatically applied to reduce data entry errors when a new asset is created. Which TWO fields can be defaulted directly from the Fixed asset group configuration?

Question 7hardmultiple choice

Read the full Manage Fixed Assets explanation →

Refer to the exhibit. A consultant is configuring the Fixed asset posting profile for disposals. When testing a disposal-sale for a machinery asset, the system generates an error stating that the ledger account for the 'Acquisition value' is missing. Based on the exhibit, what is the most likely configuration error?

Exhibit

{
  "PostingProfile": {
    "TransactionType": "Disposal - sale",
    "Book": "FEDERAL",
    "Group": "All",
    "MainAccount": "",
    "OffsetAccount": "110110",
    "DisposalParameters": {
      "PostValue": "Net book value",
      "SalesValueAccount": "600200"
    }
  }
}

Question 8mediummultiple choice

Read the full Manage Fixed Assets explanation →

An organization sells an asset for $15,000. The asset has an acquisition cost of $20,000 and accumulated depreciation of $8,000. The accountant posts a 'Disposal - sale' journal. What is the net impact on the 'Gain/loss on disposal of fixed assets' ledger account for this transaction?

Question 9mediummulti select

Read the full Manage Fixed Assets explanation →

You are training a new accountant on the different ways to record a fixed asset acquisition in Dynamics 365 Finance. Which TWO methods can be used to post an acquisition transaction?

Question 10hardmultiple choice

Read the full Manage Fixed Assets explanation →

A company acquires an asset on March 15th. They use the 'Half year' depreciation convention. The fiscal year starts on January 1st. How will the system calculate depreciation for the first year of this asset's life?

Question 11easymulti select

Read the full Manage Fixed Assets explanation →

A fixed asset's status changes throughout its lifecycle in Dynamics 365 Finance. Which TWO of the following are valid asset statuses that the system assigns automatically based on user actions?

Question 12hardmultiple choice

Read the full Manage Fixed Assets explanation →

Refer to the exhibit. You are performing an asset split for a computer equipment asset. The original acquisition cost was $4,000 and accumulated depreciation was $1,000. After the split is posted, what will be the Net Book Value of the new asset (COMP-002)?

Exhibit

{
  "SplitAction": {
    "OriginalAsset": "COMP-001",
    "NewAsset": "COMP-002",
    "Percent": 25,
    "Book": "CORP",
    "Voucher": "SPLIT-001"
  }
}

Question 13easymultiple choice

Read the full Manage Fixed Assets explanation →

You need to track the technical specifications of a manufacturing machine, such as its serial number and model year, without affecting the financial ledger. Where should this information be stored in Dynamics 365 Finance?

Question 14mediummultiple choice

Read the full Manage Fixed Assets explanation →

An organization acquires a manufacturing machine that requires installation and testing before it is ready for its intended use. You need to configure Microsoft Dynamics 365 Finance to capitalize these initial setup costs into the fixed asset value correctly. What should you do?

Question 15hardmulti select

Read the full Manage Fixed Assets explanation →

Your company operates in multiple countries and requires fixed asset depreciation to adhere to distinct local tax regulations alongside corporate financial reporting standards. You need to configure multiple value models for fixed assets in Microsoft Dynamics 365 Finance. Which TWO actions must you perform? Each correct answer presents part of the solution.

Question 16easymultiple choice

Read the full Manage Fixed Assets explanation →

An accountant creates a new fixed asset record but forgets to assign the asset to a fixed asset group. The record is saved in Microsoft Dynamics 365 Finance. What is the operational impact of missing the fixed asset group assignment?

Question 17hardmulti select

Read the full Manage Fixed Assets explanation →

Your company decides to split a large commercial building into multiple distinct units to better track departmental usage and manage depreciation separately. You need to execute a fixed asset split in Microsoft Dynamics 365 Finance. Which THREE actions must you perform? Each correct answer presents part of the solution.

Question 18mediummultiple choice

Read the full Manage Fixed Assets explanation →

Your organization requires a specific asset group to use a depreciation convention where the asset starts depreciating in the month of acquisition, regardless of the exact day. Which setup should you configure in the Fixed asset posting profile?

Question 19hardmultiple choice

Read the full Manage Fixed Assets explanation →

Refer to the exhibit. A user attempts to post a depreciation entry for an asset, but the system generates an error stating the transaction cannot be posted. Based on the configuration in the exhibit, what is the most likely cause?

Exhibit

FixedAssetBookTable: { 'BookId': 'B01', 'Depreciation': 'Yes', 'PostDepreciation': 'Yes', 'AllowNegativeNetBookValue': 'No', 'Status': 'Open' }

Question 20easymultiple choice

Read the full Manage Fixed Assets explanation →

Which action must be performed in Fixed Assets before you can dispose of an asset using a partial sale?

Question 21mediummulti select

Read the full Manage Fixed Assets explanation →

Which TWO of the following statements are correct regarding the Fixed asset value model and depreciation book?

Question 22hardmultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset accountant at a manufacturing company must transfer a specialized CNC machine from the Production department to the Research & Development department. The machine has a net book value of $48,000 and is assigned to the MACHINERY fixed asset group, which uses straight-line depreciation over 10 years with a half-year convention. The accountant needs to change the fixed asset's financial dimension from Department=Production to Department=R&D without affecting the asset's acquisition cost, accumulated depreciation, or depreciation profile. Which approach should the accountant take?

Question 23mediummultiple choice

Read the full Manage Fixed Assets explanation →

A legal entity in Dynamics 365 Finance has a fixed asset that was placed in service in the current fiscal year. The company wants to divide the asset's cost basis between a main account for the asset and a separate main account for a government grant offset, posting both amounts through the same value model. Which fixed asset transaction type should be used to record the asset cost while allowing the offsetting entry to be posted to a different ledger account?

Question 24hardmultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset is assigned to a value model that uses the reducing balance depreciation method with a factor of 2. The asset has an acquisition cost of 100,000 and a salvage value of 10,000. The company wants to verify the first-year depreciation amount before posting. Which amount will the system calculate for the first year?

Question 25hardmultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset has an acquisition cost of $50,000, a salvage value of $5,000, and a useful life of 10 years. The company uses the straight-line depreciation method with a half-year convention. After three full years of depreciation, the company decides to change the useful life to 6 years total. What is the correct remaining useful life and the depreciation basis to use for the remaining periods?

Question 26mediummulti select

Read the full Manage Fixed Assets explanation →

A company is setting up a new fixed asset group for office furniture. The accounting team wants to ensure that when depreciation is posted, the correct ledger accounts are used and that the asset is included in the correct financial dimensions. Which two configurations must be completed in Dynamics 365 Finance to achieve this? (Choose two.)

Question 27mediummultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset's value model is set up so that depreciation is calculated and posted separately by two users: one runs the depreciation proposal and adjusts it, and a different user posts the resulting journal. The controller wants to enforce that the person who posts the depreciation journal cannot be the same person who created the depreciation proposal. Which configuration should the functional consultant recommend?

Question 28mediummultiple choice

Read the full Manage Fixed Assets explanation →

A company uses Dynamics 365 Finance Fixed Assets. They have an asset with an acquisition cost of $50,000 and accumulated depreciation of $20,000. The company decides to sell the asset for $35,000 cash. The asset's value model is configured with a posting profile that includes a disposal sale account. Which journal should the accountant use to record the sale and the resulting gain or loss?

Question 29easymultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset manager needs to record the acquisition of a new machine that was purchased on credit from a vendor. The machine costs $15,000. The acquisition should be recorded in Dynamics 365 Finance, and the offset account should be Accounts Payable. Which journal type should be used to record this acquisition?

Question 30mediummultiple choice

Read the full Manage Fixed Assets explanation →

A consulting firm uses Dynamics 365 Finance to track fixed assets. The company wants to ensure that depreciation for all assets in the 'Office Equipment' group is calculated using a method that allocates a higher depreciation expense in the earlier years of an asset's life. The controller also wants the ability to change the depreciation method for individual assets without affecting the entire group. What should the functional consultant configure?

Question 31mediummultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset is assigned to a value model that is configured to use the 'Straight line service life' depreciation method with a useful life of 10 years. The asset was placed in service on July 1 of the current fiscal year, but the company's fiscal calendar runs from January 1 to December 31. The accountant wants depreciation to start in July and be prorated for the partial year. Which configuration on the value model ensures that depreciation begins in the month the asset is placed in service and is prorated accordingly?

Question 32hardmultiple choice

Read the full Manage Fixed Assets explanation →

A company has a fixed asset with a cost of $100,000, a salvage value of $10,000, and a useful life of 5 years. The company uses the reducing balance depreciation method with a factor of 200%. After the first year, the company decides to change the depreciation method to straight line for the remaining useful life. How should this change be handled in Dynamics 365 Finance?

Question 33hardmultiple choice

Read the full Manage Fixed Assets explanation →

A company has a fixed asset with a net book value of USD 50,000. The company decides to sell the asset for USD 45,000. The fixed asset posting profile for disposal - sale is configured with a main account for loss on disposal and a main account for gain on disposal. After posting the disposal, what will be the accounting entry for the loss?

Question 34mediummultiple choice

Read the full Manage Fixed Assets explanation →

A legal entity acquires a new delivery truck for $80,000 on March 15. The company wants depreciation to begin on April 1 and has configured a depreciation convention that prorates the first month. Which configuration must be set on the value model to ensure depreciation starts in the correct period?

Question 35hardmulti select

Read the full Manage Fixed Assets explanation →

A company is implementing Dynamics 365 Finance and needs to track fixed assets that are shared across multiple cost centers. The controller wants depreciation expenses to be automatically split among the cost centers based on a defined percentage. Which TWO configurations are required to achieve this? (Choose two.)

Question 36mediummulti select

Read the full Manage Fixed Assets explanation →

A company is implementing Dynamics 365 Finance Fixed Assets. They need to configure the system so that when a fixed asset is disposed of, the correct accounts are used for the gain or loss on disposal. Which two setups are required to achieve this? (Choose two.)

Question 37mediummultiple choice

Read the full Manage Fixed Assets explanation →

A legal entity in Dynamics 365 Finance acquires a new delivery truck on October 15. The company's depreciation convention for vehicles is 'Half year' and the depreciation profile is 'Straight line life remaining'. The asset is placed in service on October 15. The fiscal year ends December 31. How will the system calculate depreciation for the first year?

Question 38hardmultiple choice

Read the full Manage Fixed Assets explanation →

A company has a fixed asset with a net book value of $12,000 and a remaining useful life of two years. The company decides to reclassify the asset to a different fixed asset group that uses a different depreciation profile. What is the correct sequence to update the asset's financial information?

Question 39mediummultiple choice

Read the full Manage Fixed Assets explanation →

A company has a fixed asset that was acquired on April 1 for USD 30,000 with a useful life of 5 years and no salvage value. The company uses the straight-line depreciation method and a mid-month convention. The company's fiscal year ends on December 31. What will be the depreciation expense for the first fiscal year?

Question 40easymultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset manager needs to record the acquisition of a new delivery truck. The truck was purchased from a vendor for $45,000, and an additional $2,000 was paid for a custom paint job. Both amounts should be capitalized as part of the asset cost. Which acquisition method should be used to record both costs in a single acquisition transaction?

Question 41hardmulti select

Read the full Manage Fixed Assets explanation →

A company is implementing Dynamics 365 Finance Fixed Assets. They need to ensure that when a fixed asset is disposed of, the correct accounts are updated for both the original acquisition cost and the accumulated depreciation. They are configuring the Fixed asset posting profile for disposals. Which two account types must be specified in the posting profile for disposal transactions? (Choose two.)

Question 42mediummulti select

Read the full Manage Fixed Assets explanation →

A company is implementing Fixed Assets in Dynamics 365 Finance. The company needs to ensure that when a fixed asset is acquired through a purchase order, the system automatically creates the fixed asset record and posts the acquisition cost. Which two configurations are required to achieve this? (Choose two.)

Question 43mediummultiple choice

Read the full Manage Fixed Assets explanation →

Your organization requires that a fixed asset be depreciated over a specific number of years, but the depreciation amount must be higher in the earlier years of the asset's life. Which depreciation profile should you configure?

Question 44hardmulti select

Read the full Manage Fixed Assets explanation →

A company is acquiring a fleet of vehicles and needs to track them as fixed assets. Which TWO setups must be completed in Dynamics 365 Finance to ensure these assets are fully operational and depreciable?

Question 45hardmultiple choice

Read the full Manage Fixed Assets explanation →

A company decides to upgrade an existing production machine, which increases the asset's useful life by three years. How should this be handled in Dynamics 365 Finance to maintain accurate financial records?

Question 46mediummultiple choice

Read the full Manage Fixed Assets explanation →

What is the primary function of a 'Depreciation Book' in Dynamics 365 Finance compared to a 'Value Model'?

Question 47hardmultiple choice

Read the full Manage Fixed Assets explanation →

Refer to the exhibit. Why is the system preventing further depreciation for asset A001?

Exhibit

{"Error": "Fixed asset depreciation was not calculated for asset A001. The depreciation profile 'StraightLine' has reached the salvage value of 5000.00.", "NetBookValue": 5000.00}

Question 48hardmultiple choice

Read the full Manage Fixed Assets explanation →

Your company uses 'Bonus depreciation' for tax purposes. Which setup allows for an additional depreciation amount in the first year of an asset's life?

Question 49mediummultiple choice

Read the full Manage Fixed Assets explanation →

What is the purpose of the 'Fixed Asset Posting Profile' in Dynamics 365 Finance?

Question 50mediummultiple choice

Read the full Manage Fixed Assets explanation →

When migrating fixed assets into Dynamics 365 Finance, which method ensures that the net book value is correctly stated without triggering an incorrect depreciation calculation for prior periods?

Question 51hardmultiple choice

Read the full Manage Fixed Assets explanation →

Refer to the exhibit. Why is the system displaying a warning for this fixed asset journal?

Exhibit

{"Journal": "FA_001", "Line1": {"Type": "Depreciation", "Date": "2023-12-31"}, "Line2": {"Type": "Acquisition", "Date": "2023-01-01"}, "Warning": "The transaction date for Depreciation is before the Acquisition date."}

Question 52mediummulti select

Read the full Manage Fixed Assets explanation →

Which TWO of the following are valid methods to acquire a fixed asset in Dynamics 365 Finance?

Question 53mediummultiple choice

Read the full Manage Fixed Assets explanation →

What is the consequence of selecting the 'Depreciation adjustment' transaction type in a fixed asset journal?

Question 54easymultiple choice

Read the full Manage Fixed Assets explanation →

A company realizes that several office chairs were incorrectly assigned to the 'Vehicles' fixed asset group. They need to move these assets to the 'Office Furniture' group while ensuring that all historical transactions remain linked to the assets. Which function should be used?

Question 55mediummultiple choice

Read the full Manage Fixed Assets explanation →

A controller wants to ensure that whenever an acquisition is posted for a 'Tax' book, an identical acquisition is automatically posted for the 'Corporate' book. Which feature should be used to achieve this automation?

Question 56mediummultiple choice

Read the full Manage Fixed Assets explanation →

A company performs a major engine overhaul on a delivery truck that extends the truck's useful life by two years. The cost of the overhaul is $5,000. How should this transaction be recorded in the Fixed assets module?

Question 57mediummultiple choice

Read the full Manage Fixed Assets explanation →

Refer to the exhibit. An accountant attempts to modify the acquisition price on a fixed asset record after posting a monthly depreciation run, resulting in the displayed error message. How should you resolve this issue?

Exhibit

{
  "AssetId": "FA-00921",
  "BookId": "FIN",
  "TransactionType": "Acquisition",
  "Status": "Open",
  "Error": "The fixed asset has already been depreciated or posted with transactions, preventing changes to the acquisition price adjustment."

Question 58mediummultiple choice

Read the full Manage Fixed Assets explanation →

An accountant at a manufacturing company creates a new fixed asset for a specialized milling machine. The asset is acquired through a vendor invoice, but the accountant forgets to assign a depreciation book before posting the acquisition. What must the accountant do to resolve this issue and enable depreciation processing?

Question 59mediummultiple choice

Read the full Manage Fixed Assets explanation →

A legal entity in Dynamics 365 Finance needs to reclassify a fixed asset from the Furniture group to the Office Equipment group because the asset was misclassified at acquisition. The asset has never been depreciated. Which transaction type should the functional consultant use to move the asset to the correct fixed asset group without changing its net book value?

Question 60easymultiple choice

Read the full Manage Fixed Assets explanation →

A company uses Dynamics 365 Finance and wants to ensure that when a fixed asset is sold, the gain or loss is automatically posted to the correct general ledger accounts. The consultant must configure the accounts that will be used for the disposal transaction. Where should the consultant define the ledger accounts for the disposal sale?

Question 61easymultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset accountant needs to transfer a fully depreciated asset from the Production department to the Marketing department, but the asset will remain in service and continue to be tracked. The transfer should not affect the asset's financial value. Which action should the accountant perform in Dynamics 365 Finance?

Question 62mediummulti select

Read the full Manage Fixed Assets explanation →

A consultant is setting up fixed assets in Dynamics 365 Finance for a new legal entity. The company wants to use the fixed asset module to track assets for both financial reporting and tax reporting, with different depreciation methods for each. Which two configurations are required to support this requirement? (Choose two.)

Question 63mediummultiple choice

Read the full Manage Fixed Assets explanation →

A company has a fixed asset that was acquired with a cost of 50,000 and has accumulated depreciation of 30,000. The company decides to sell the asset for 25,000. The Fixed asset posting profile for disposal-sale is configured with a main account for gain/loss. What is the correct accounting entry for this disposal in Dynamics 365 Finance?

Question 64mediummultiple choice

Read the full Manage Fixed Assets explanation →

A company acquires a new piece of machinery and wants to include the freight and installation costs in the asset's acquisition cost. The invoice for the machinery has been posted, and the freight and installation costs are on a separate vendor invoice. Which transaction type should be used to add these additional costs to the fixed asset?

Question 65hardmultiple choice

Read the full Manage Fixed Assets explanation →

A company has a fixed asset with a value model that uses the 'Reducing balance' depreciation method with a factor of 200 and a useful life of 5 years. After the first year, the net book value is 60,000. The accountant notices that the depreciation for the second year is calculated differently than expected and asks the consultant to explain how the reducing balance method computes depreciation in Dynamics 365 Finance. What should the consultant explain?

Question 66mediummultiple choice

Read the full Manage Fixed Assets explanation →

A US-based legal entity in Dynamics 365 Finance uses the calendar year as its fiscal year, and its fixed asset books are configured to automatically create depreciation adjustments when the fiscal calendar changes. In March, the company's leadership approves a change to the corporate fiscal calendar: the fiscal year will now begin on July 1 instead of January 1, effective immediately for the current year. The fixed asset manager must update the fiscal calendar in Dynamics 365 Finance so that depreciation projections and journal entries align with the new fiscal year. What is the FIRST action the manager should take?

Question 67mediummultiple choice

Read the full Manage Fixed Assets explanation →

A consulting firm has a fixed asset value model for a high-end server with an acquisition cost of USD 20,000 and a salvage value of USD 2,000. The firm uses the reducing balance depreciation method with a factor of 20%, and the asset was placed in service on January 1. The firm wants to know the depreciation amount for the first year. What will the system calculate as the depreciation expense for the first year?

Question 68hardmultiple choice

Read the full Manage Fixed Assets explanation →

A multinational company in Dynamics 365 Finance has a fixed asset book configured with a reducing balance depreciation method and a Half year (start of year) convention. An accountant notices that for an asset placed in service on October 15, the first depreciation journal posted a full half-year of depreciation in the current fiscal year, and the remaining half will be applied in the final year of the asset's life. The controller wants to understand why this happened and whether it is correct. What should the functional consultant explain?

Question 69mediummultiple choice

Read the full Manage Fixed Assets explanation →

A consulting firm in Dynamics 365 Finance wants to record the cost of reconfiguring a leased office space as a fixed asset. The improvements are expected to benefit the company for the remaining five years of the lease term, and the company wants depreciation to align with the lease term rather than the asset's physical life. The lease does not transfer ownership. Which approach should the functional consultant recommend?

Question 70hardmulti select

Read the full Manage Fixed Assets explanation →

A company is reviewing its fixed asset depreciation setup in Dynamics 365 Finance before year-end close. The controller asks the functional consultant to identify which TWO statements accurately describe how depreciation conventions interact with depreciation methods and how they affect the first and last periods of an asset's life. (Choose two.)

Question 71mediummultiple choice

Read the full Manage Fixed Assets explanation →

A company is setting up a fixed asset that was acquired in a foreign currency. The company's accounting currency is USD, and the asset was purchased for 10,000 EUR. The exchange rate at acquisition was 1.2 USD/EUR. The company wants to ensure that the asset's historical cost in USD is correctly recorded and that any subsequent exchange rate fluctuations do not affect the asset's depreciation. Which setup should be used?

Question 72easymultiple choice

Read the full Manage Fixed Assets explanation →

A company in Dynamics 365 Finance wants to track the depreciation of its fixed assets for both book and tax purposes. The controller asks the functional consultant to explain how the system supports this dual reporting requirement without duplicating asset records. Which statement best describes the recommended approach?

Question 73easymultiple choice

Read the full Manage Fixed Assets explanation →

A company is setting up a new fixed asset value model for office furniture. The company wants to use the straight-line depreciation method over a useful life of 10 years. The asset will be acquired on January 1 for USD 12,000. The company uses a calendar year fiscal period. What will be the annual depreciation expense for this asset?

Question 74easymultiple choice

Read the full Manage Fixed Assets explanation →

A company is setting up a new fixed asset and wants to record the acquisition cost, but the asset will not be placed in service until a later date. The accountant needs to record the acquisition now and begin depreciating when the asset is placed in service. Which field on the fixed asset value model should be configured to control when depreciation starts?

Question 75mediummulti select

Read the full Manage Fixed Assets explanation →

A company is setting up fixed assets in Dynamics 365 Finance. They need to create a new asset that will be depreciated using the reducing balance method. Which two configurations are required to enable this? (Choose two.)

Question 76easymultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset accountant needs to record the acquisition of a new server that was purchased on credit. Which journal type should be used in Dynamics 365 Finance to record the acquisition and ensure the correct ledger accounts are updated?

Question 77easymultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset in Dynamics 365 Finance has a net book value of $10,000. The company decides to sell the asset for $12,000. Which transaction type should be used to record the sale?

Question 78mediummultiple choice

Read the full Manage Fixed Assets explanation →

A legal entity in Dynamics 365 Finance uses a fiscal calendar with 12 monthly periods. A new fixed asset is placed in service on March 18. The asset's value model is configured with a depreciation convention of 'Half year' and a depreciation profile using the Straight line service life method. The asset's service life is 5 years. How will depreciation be calculated for the first fiscal year?

Question 79mediummulti select

Read the full Manage Fixed Assets explanation →

A company is implementing Dynamics 365 Finance and needs to configure depreciation for a new asset. The asset will use a straight-line depreciation method with a 5-year service life. Which two settings must be configured on the value model to achieve this? (Choose two.)

Question 80mediummultiple choice

Read the full Manage Fixed Assets explanation →

A company has a fixed asset that was acquired in a previous year and has been fully depreciated. The asset is still in use but has no book value. The company wants to continue using the asset but does not want to incur additional depreciation. What should they do?

Question 81hardmultiple choice

Read the full Manage Fixed Assets explanation →

A fixed asset has been fully depreciated but is still in use. The company decides to sell the asset for $5,000. The asset's value model has a net book value of $0. Which transaction type should be used to record the sale and remove the asset from the fixed asset subledger?

{ "PostingProfile": { "TransactionType": "Disposal - sale", "Book": "FEDERAL", "Group": "All", "MainAccount": "", "OffsetAccount": "110110", "DisposalParameters": { "PostValue": "Net book value", "SalesValueAccount": "600200" } } }

{"Journal": "FA_001", "Line1": {"Type": "Depreciation", "Date": "2023-12-31"}, "Line2": {"Type": "Acquisition", "Date": "2023-01-01"}, "Warning": "The transaction date for Depreciation is before the Acquisition date."}

{ "AssetId": "FA-00921", "BookId": "FIN", "TransactionType": "Acquisition", "Status": "Open", "Error": "The fixed asset has already been depreciated or posted with transactions, preventing changes to the acquisition price adjustment."