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

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

Asset transactions using the reclassification journal, transfers, and splits are discussed in this learning path.

Prerequisites:

  • Basic understanding of how to navigate in the Dynamics 365 Business Central application
  • Knowledge of fixed assets management functionality

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Module 1: Use the fixed assets reclassification journal in Dynamics 365 Business Central

This module explains how to use the reclassification journal and prepare fixed assets transfers or a partial disposal of an asset.

Learning objectives:

In this module, you will:

  • Learn how to use the reclassification journal to prepare fixed assets journal lines.
  • Enter reclassification journal lines.
  • Reclassify lines to the fixed assets journal.

Prerequisites:

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

Quiz 1: Check your knowledge

Q1. For which of the following reasons would you not use the reclassification journal for fixed assets?

  • To transfer a fixed asset from one location to another
  • To transfer a fixed asset from one dimension to another
  • To transfer a fixed asset from one depreciation method to another
  • To transfer a fixed asset from one responsible employee to another

Q2. What happens when you select Reclassify on the Fixed Asset Reclassification Journal page?

  • The reclassification journal lines are posted to the fixed assets ledger and, in case of G/L integration, also to the general ledger.
  • New fixed assets are created based on the information on the reclassification journal lines.
  • The reclassification journal lines are only posted to the fixed assets ledger. Reclassifying fixed assets never impacts the general ledger.
  • Business Central automatically creates lines in the FA G/L journal by using the specified template and batch. Journal lines are used to transfer, split, or combine fixed assets.

Module 2: Transfer, split, and combine fixed assets in Dynamics 365 Business Central

Do you want to reclassify fixed assets to other locations and then split or combine these assets? This module shows how to use the reclassification journal to complete those tasks.

Learning objectives:

In this module, you will:

  • Prepare fixed assets reclassification journal lines to transfer a fixed asset.
  • Prepare the fixed assets reclassification journal to split an asset.
  • Prepare the fixed assets reclassification journal to combine assets.
  • Process the reclassification journal to prepare the fixed asset journal lines.
  • Post the fixed assets journal to transfer the fixed asset.

Prerequisites:

Basic understanding of how to navigate in the Dynamics 365 Business Central application and knowledge of fixed assets management functionality

Quiz 1: Check your knowledge

Q1. On the reclassification journal lines, you didn’t select the Insert Bal. Account field. After entering all the lines correctly, you select Reclassify in the ribbon. What should you do next?

  • Nothing; everything is reclassified as it should be
  • Go to the FA G/L journal to post the journal lines that the reclassify function has created
  • Go to the FA journal to post the journal lines that the reclassify function has created
  • Run the Post Reclassification Lines batch job

Q2. You decide to sell a segment of an asset that is registered as a single asset in the program. How can you dispose of the part of the asset that will be sold?

  • To dispose of a part of the asset, create a new asset for the part to be sold, use the reclassification journal to reclassify the asset into two assets, and then dispose of the resulting part.
  • To dispose of a part of the asset, assign a new depreciation book to the asset, use the reclassification journal to reclassify the asset into two assets, and then dispose of the resulting part.
  • To dispose of a part of the asset, create a new asset for the part to be sold, use the reclassification journal to combine the assets into one asset, and then dispose of the resulting part.
  • Create a sales invoice and use the Quantity field on the sales line to specify how much of the asset should be sold. For example, if you want to sell one-fourth of the total acquisition cost and depreciation amount, enter 0.25 in the Quantity field.
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