Implement and Manage Fixed Assets MB-310 Practice Questions (Page 3)

Questions 11–15

1. 11expert · hard

   A company has a fixed asset that was sold. The sale proceeds are less than the net book value, resulting in a loss. They want to post the disposal transaction and ensure the loss is recorded in the general ledger. What should you do?

   • APost a disposal scrap transaction and then manually post the loss to the general ledger.
   • BPost a disposal sale transaction and ensure the posting profile has a 'Disposal - sale' account set up.
   • CUse the depreciation run to post the loss.
   • DAdjust the asset's net book value before posting the disposal.
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2. 12foundation · easy

   In a fixed asset posting profile, which of the following is typically defined?

   • AThe useful life of the asset
   • BThe asset group's default location
   • CThe main accounts for acquisition and depreciation transactions
   • DThe depreciation method for each asset
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4. 13expert · hard

   A company has two fixed asset groups: 'Land' and 'Buildings'. They use two books: 'Corporate' and 'Tax'. For the 'Land' group, they do not want any depreciation to be posted to the general ledger. For the 'Buildings' group, they want depreciation to post to different GL accounts for Corporate and Tax. What is the most efficient way to configure this?

   • ACreate a posting profile for each book and assign the appropriate profile to each group. For Land, do not assign a depreciation posting profile.
   • BCreate a single posting profile with all accounts and use the same for all groups and books.
   • CSet up the Tax book as a derived book of the Corporate book and use the same posting profile.
   • DCreate separate fixed asset groups for each book and configure posting profiles accordingly.
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5. 14application · medium

   A manufacturing company uses Dynamics 365 Finance. They need to report asset values under both local GAAP and IFRS. The local GAAP book uses straight-line depreciation over 10 years, while the IFRS book uses declining balance at 20%. The company wants to enter asset acquisitions only once and have the system automatically post to both books. What should you configure?

   • ACreate two books and set up the IFRS book as a derived book from the local GAAP book.
   • BCreate two depreciation profiles and assign both to the same book, then select the appropriate profile at the time of posting.
   • CCreate a single book with two value models and assign different depreciation profiles to each value model.
   • DCreate two fixed asset groups, one for each accounting standard, and assign each book to its respective group.
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6. 15expert · medium

   A company uses Dynamics 365 Finance. They have a primary book for financial reporting and a derived book for tax. The derived book uses a different depreciation profile. They notice that when they post depreciation for the primary book, the derived book also posts depreciation correctly. However, when they post a disposal for the primary book, the derived book does not automatically post the disposal. What could be the reason?

   • AThe derived book is not set up to copy disposal transactions.
   • BThe disposal was posted before the derived book was set up.
   • CThe disposal transaction type is not enabled for derived books.
   • DThe derived book has a different posting profile that prevents the disposal from posting.
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