A fixed asset was incorrectly depreciated in the previous period. The depreciation run has already been posted to the general ledger. What is the correct way to correct the depreciation?

Post a manual depreciation adjustment for the difference.

Change the depreciation profile and re-run depreciation.

Use the 'Depreciation run' to recalculate and automatically reverse the old entry.

Delete the depreciation journal and re-run depreciation.

A company uses Dynamics 365 Finance. They want to track the location, responsible employee, and warranty expiration date for each fixed asset. They also want to be able to filter and report on these attributes. What should you configure?

Create custom fields on the fixed asset table to store this information.

Use the standard fixed asset fields for location, employee, and warranty date.

Use the notes field on the fixed asset record to store this information.

Use the fixed asset group to store location and employee information.

A manufacturing company is setting up fixed assets in Dynamics 365 Finance. They have two divisions: one in the US (GAAP) and one in Germany (local GAAP with different depreciation rules). They want to track the same physical assets in both divisions but report separately. They plan to create a fixed asset group for each asset class (e.g., Machinery, Vehicles). What is the recommended way to set up the books so that each division's reporting requirements are met without duplicating asset records?

Create a single book with a posting layer that combines both GAAP and local GAAP, and use that for all reporting.

Create one book per division and assign both books to each fixed asset group, then post all transactions to both books manually.

Create two books (one for US GAAP, one for German GAAP) and assign them to the fixed asset groups. Use derived books to automatically post to the second book when posting to the first.

Create separate fixed asset groups for each division and assign the same book to both groups.

What is the first step in creating a fixed asset in Dynamics 365 Finance?

Post an acquisition transaction

Microsoft Certified:Dynamics 365 Finance Functional Consultant Associate

Domain 5Objective 1

Implement and Manage Fixed Assets MB-310 Practice Questions (Page 5)

Part of the Manage fixed assets domain, which accounts for 10–15% of the MB-310 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~4–10 in this domain), expect 2–5 from this objective — we provide 37 practice questions to prepare you well beyond it. (estimate)

37questions here

8free pages

9concepts

10–15%of the exam

Questions 21–25

21application · medium
A fixed asset was incorrectly depreciated in the previous period. The depreciation run has already been posted to the general ledger. What is the correct way to correct the depreciation?
Select an answer first
22application · medium
A company uses Dynamics 365 Finance. They want to track the location, responsible employee, and warranty expiration date for each fixed asset. They also want to be able to filter and report on these attributes. What should you configure?
Select an answer first
23application · medium
A manufacturing company is setting up fixed assets in Dynamics 365 Finance. They have two divisions: one in the US (GAAP) and one in Germany (local GAAP with different depreciation rules). They want to track the same physical assets in both divisions but report separately. They plan to create a fixed asset group for each asset class (e.g., Machinery, Vehicles). What is the recommended way to set up the books so that each division's reporting requirements are met without duplicating asset records?
Select an answer first
24foundation · easy
What is the first step in creating a fixed asset in Dynamics 365 Finance?
Select an answer first
25foundation · easy
In Dynamics 365 Finance, which of the following is required to create a fixed asset record?
Select an answer first

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Implement and Manage Fixed Assets MB-310 Practice Questions (Page 5)

Questions 21–25

A fixed asset was incorrectly depreciated in the previous period. The depreciation run has already been posted to the general ledger. What is the correct way to correct the depreciation?

A company uses Dynamics 365 Finance. They want to track the location, responsible employee, and warranty expiration date for each fixed asset. They also want to be able to filter and report on these attributes. What should you configure?

What is the first step in creating a fixed asset in Dynamics 365 Finance?

In Dynamics 365 Finance, which of the following is required to create a fixed asset record?

Keep studying — Manage fixed assets