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Manage basic fixed assets transactions in Microsoft Dynamics 365 Business Central Microsoft Quiz Answers
Get Manage basic fixed assets transactions in Microsoft Dynamics 365 Business Central Microsoft Quiz Answers
Transactions for fixed assets can include a purchase transaction, depreciation transaction, and disposal of an asset. This learning path discusses all of these typical asset transactions.
Prerequisites:
- Basic understanding of how to navigate in the Dynamics 365 Business Central application.
- Knowledge about depreciation books and posting groups.
Module 1: Purchase fixed assets in Dynamics 365 Business Central
Do you want to know how to post a purchase document for fixed asset? This module shows how to use purchase invoices to post the acquisition cost to fixed asset.
Learning objectives:
In this module, you will:
- Create a purchase document for a fixed asset.
- Post the acquisition cost to a fixed asset.
- Duplicate the acquisition cost to other depreciation books.
- Check the fixed asset ledger entries to consult the acquisition cost.
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. Can you post an additional acquisition cost to an asset for which you already calculated depreciation?
- No, you must create a new asset to which you can post the additional acquisition cost and group the assets as main assets and asset components.
- Yes, you can post additional acquisition costs the same way that you would post the original acquisition cost from a purchase invoice, the FA GL journal, or the FA journal.
- Yes, with the fixed asset reclassification journal, you can post 100 percent of the additional acquisition cost to the asset with the original acquisition cost.
- Yes, but only if the Allow Additional Acquisition Costs field on the asset’s depreciation book is selected.
Q2. What happens if you post the acquisition cost to an asset with a purchase line that has the Use Duplication List field selected?
- Business Central posts the acquisition cost to all depreciation books of the asset for which the Part of Duplication List option is selected.
- Business Central automatically posts the acquisition cost to all depreciation books of the asset.
- Business Central creates a new purchase invoice for the other depreciation books.
- Business Central will duplicate the journal line to a separate journal from which it will be posted for each depreciation book that is a part of a duplication list.
Module 2: Calculate and post depreciations in Dynamics 365 Business Central
Do you want to know how to calculate and post periodic depreciation in Microsoft Dynamics 365 Business Central? This module explains how to use the Calculate Depreciations batch job and how to view the total depreciation for fixed asset.
Learning objectives:
In this module, you will:
- Calculate asset depreciations in Business Central.
- Set the number of depreciation days.
- Check the total depreciation for a fixed asset.
- Print reports with fixed assets depreciations.
Prerequisites:
Basic understanding of how to navigate in the Dynamics 365 Business Central application and general ledger accounting
This module is part of these learning paths:
Quiz 1: Check your knowledge
Q1. When running the Calculate Depreciation batch job, you want the system to use 30 days in the depreciation calculation for all fixed assets. What is the best way to achieve this objective?
- You don’t need to do anything specific. By default, 30 days is used in the depreciation calculation for all fixed assets.
- In the Calculate Depreciation batch job, in the Starting Date field, enter the first day of the month. Then, in the Ending Date field, enter the last day of the month.
- In the Calculate Depreciation batch job, in the Force No. of Days field, enter 30.
- Run the Calculation Depreciation batch job, and in the FA G/L journal or the FA journal, before posting, update the No. of Depreciation Days for all fixed assets to 30.
Q2. You are using two depreciation books, the COMPANY depreciation book with G/L integration enabled and the TAX depreciation book. You want to calculate depreciation for both. How can you accomplish this task?
- You need to run the Calculate Depreciation batch job separately for each depreciation book.
- If you run the Calculate Depreciation batch job for the default depreciation book (COMPANY in this example), the program automatically calculates depreciation for all other depreciation books.
- If you run the Calculate Depreciation batch job for the default depreciation book (COMPANY in this example), the program automatically calculates depreciation for all other depreciation books that have the Part of Duplication List field selected.
- You need to first run the Calculate Depreciation batch job for the default depreciation book (COMPANY in this example) to generate journal lines in the fixed asset journal. Next, on the fixed asset journal, select Copy Lines to Other Depreciation Books and then post the journal.
Module 3: Dispose of fixed assets in Dynamics 365 Business Central
Do you want to know how to post fixed asset disposals in Business Central? This module explains how to sell a fixed asset and how to post fixed asset disposals by using the fixed assets journal.
Learning objectives:
In this module, you will:
- Sell a fixed asset by using a sales document.
- Post fixed asset disposals through the fixed asset journal.
- Check the gain or loss of a disposed fixed asset.
- Configure the fixed asset salvage value.
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. CRONUS purchases a new truck for LCY 125,000.00. They estimate that after the depreciable lifetime, which is five years, the truck will still have a value of around LCY 22,000.00. They want to consider this value by decreasing the periodic depreciations, starting from the first period. How can they achieve this objective?
- In the purchase invoice that they use to post the acquisition cost, they should enter 22,000.00 in the Ending Value field.
- When creating the fixed asset, they should enter 22,000.00 in the Ending Book Value field on the Posting FastTab.
- When creating the fixed asset, they should enter 22,000.00 in the Ending Book Value field on the Lines FastTab.
- In the purchase invoice that they use to post the acquisition cost, they should enter 22,000.00 in the Salvage Value field.
Q2. You have an asset that you want to dispose of; however, because it is damaged, you can’t sell it. How can you process the disposal?
- Select the Inactive check box on the fixed asset card.
- Post the disposal from a fixed asset G/L journal or a fixed asset journal.
- Transfer the fixed asset to a location that is set up for obsolete assets.
- Post a write-down of 100 percent to the asset.
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