Create fixed assets in Microsoft Dynamics 365 Business Central Microsoft Quiz Answers

Get Create fixed assets in Microsoft Dynamics 365 Business Central Microsoft Quiz Answers

Do you know how to create fixed asset records in Business Central? This learning path will show you how to create fixed assets. It will also discuss depreciation options, and how to set up component assets.

Prerequisites:

  • Basic understanding of depreciation and fixed assets
  • Basic knowledge of how to navigate in Business Central

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Module 1: Create fixed asset and related records in Dynamics 365 Business Central

Do you need to know how to create fixed assets? This module will show you how to create new fixed assets.

Learning objectives:

In this module, you will:

  • Create a new fixed asset.
  • Categorize fixed assets with classes and subclasses.
  • Assign multiple depreciation books to a fixed asset.
  • Enter maintenance details for a fixed asset.

Prerequisites:

Basic understanding of how to navigate the Dynamics 365 Business Central application and knowledge about depreciation books and posting groups.

This module is part of these learning paths:

Quiz 1: Check your knowledge

Q1. You purchased 10 printers to be used in different departments. Instead of posting the 10 printers to one fixed asset record, you want to create individual fixed assets for each printer so that you can track each printer’s serial number and track its location. What is the most efficient way to create the 10 fixed assets in Business Central?

  • Create one fixed asset manually and then use the Copy Fixed Asset function to create nine new fixed assets.
  • Create one fixed asset manually and then use the Copy Depreciation Book function to create nine new fixed assets.
  • Create one fixed asset manually and then export the fixed asset to Excel (by using RapidStart Services) to create additional assets.
  • You need to create all ten fixed assets.

Q2. How many depreciation methods can you assign to an asset?

  • One
  • Two
  • One for each depreciation book that you assign to an asset
  • Two for each deprecation book that you assign to an asset

Module 2: Configure fixed asset depreciations in Dynamics 365 Business Central

Do you want to post depreciation transactions in Business Central? This module explores the different deprecation methods and explains how to set up the depreciations on a fixed asset card.

Learning objectives:

In this module, you will:

  • Learn about the depreciation methods in Business Central.
  • Set up a fixed asset with a depreciation method.
  • Create a depreciation table.

Prerequisites:

Basic understanding of how to navigate in Business Central and of general ledger accounting

This module is part of these learning paths:

Quiz 1: Check your knowledge

Q1. You have set up a fixed asset with Declining-balance 1 as the depreciation method. Which of the following options best describes the Declining-balance 1 depreciation method?

  • Declining-balance 1 depreciates a fixed asset by the same amount each year.
  • Declining-balance 1 is an accelerated depreciation method that allocates the largest portion of the cost of an asset to the last years of its useful lifetime.
  • Declining-balance 1 is an accelerated depreciation method because it doubles the percentage that is used to depreciate the acquisition cost of a fixed asset.
  • Declining-balance 1 is an accelerated depreciation method because it doubles the percentage that is used to depreciate the acquisition cost of a fixed asset.

Q2. You want to calculate depreciations for a machine based on its estimated production volume of one million units. To achieve this task, you set up the fixed asset with a User-defined depreciation method and create a depreciation table. Can you post the depreciations for the User-defined method to the general ledger?

  • Yes, but you must assign a second depreciation book to the asset with G/L integration enabled. On the line with the User-defined method, you must select the Copy to Other Depreciation Books field.
  • Yes, if the User-defined method is assigned to a depreciation book with G/L integration enabled.
  • Yes, user-defined depreciations are always posted to the general ledger.
  • No, you can never post user-defined depreciations to the general ledger. These depreciation amounts are only for analysis purposes.

Module 3: Set up main assets and asset components in Dynamics 365 Business Central

Do you want to find out how to group several fixed assets? This module shows you how to set up main assets and assign other fixed assets as components.

Learning objectives:

In this module, you will:

  • Learn about the benefits of using main assets and asset components.
  • Set up main assets.
  • Assign asset components to main assets.
  • Analyze main assets and asset components.
  • Use main assets and asset components in reports.

Prerequisites:

Basic understanding of how to navigate in the Dynamics 365 Business Central application

This module is part of these learning paths:

Quiz 1: Check your knowledge

Q1. Last year, you posted the acquisition cost for a new computer server that you started to depreciate. This year, you have purchased a memory extension for the computer server. You want to link these fixed assets so that they are grouped in the FA Book Value 01 report. Which of the following options is the best way to achieve this task?

  • Post the acquisition cost for the memory extension to the fixed asset record that you created last year for the computer server.
  • Create a new fixed asset card for the memory extension. After posting the acquisition cost, go to the fixed asset card for the computer server and, in the ribbon, use the Main Asset Components function to link other fixed assets as components.
  • Create a new fixed asset card for the memory extension. After posting the acquisition cost, go to the fixed asset card for the memory extension and, in the ribbon, use the Assign to Main Asset function to assign the fixed asset as a component to another fixed asset.
  • Use the reclassification journal to reclassify the two fixed assets to one new fixed asset.

Q2. Can you post to a main asset?

  • Yes, if the Allow Posting to Main Asset field on the Fixed Asset Setup page is selected.
  • Yes, you can always post to a main asset.
  • No, you can never post to a main asset.
  • Yes, if the Allow Posting to Main Asset field on the Depreciation Book page is selected.
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