Configure Fixed Assets MB-800 Practice Questions (Page 5)

Questions 21–25

1. 21expert · hard

   A company discovers that a fixed asset was incorrectly assigned to the wrong depreciation book, resulting in incorrect depreciation postings for the past 3 months. The accountant needs to correct this. What should you do?

   • AChange the depreciation method in the current depreciation book to match the correct one.
   • BChange the depreciation book assignment on the fixed asset and post a correcting entry for the incorrect depreciation.
   • CDelete the incorrect depreciation entries and reassign the depreciation book.
   • DCreate a new fixed asset with the correct depreciation book and transfer the cost.
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2. 22foundation · easy

   Where do you define fixed asset classes and subclasses in Business Central?

   • ADepreciation Book List page
   • BFixed Asset Setup page
   • CFixed Asset Card page
   • DFixed Asset Classes page
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4. 23application · medium

   A company wants to set up fixed asset classes so that each class has its own numbering series for fixed asset numbers. For example, computers should have numbers starting with 'COMP', and vehicles with 'VEH'. What should you configure?

   • ACreate separate fixed asset setup records for each class.
   • BCreate a single numbering series and manually change the number for each asset.
   • CCreate a fixed asset class for computers and one for vehicles, and assign a different numbering series to each class.
   • DUse the fixed asset's description field to indicate the type.
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5. 24application · medium

   A company's accountant discovers that a fixed asset was incorrectly recorded with a cost of $10,000 instead of the actual $12,000. The asset has already been depreciated for two months. The accountant needs to correct the cost. What should you do?

   • APost a correction to the fixed asset's cost using a fixed asset journal with the difference of $2,000.
   • BEdit the original purchase invoice and change the amount to $12,000.
   • CChange the depreciation book's starting date to before the purchase to recalculate.
   • DDelete the fixed asset and recreate it with the correct cost.
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6. 25application · medium

   A company has two categories of assets: office furniture that should be depreciated evenly over 10 years, and vehicles that should depreciate more in the early years. The company wants to use different depreciation methods for each category and wants to ensure that the correct method is automatically applied when creating new assets. What should you configure?

   • ACreate two fixed asset subclasses and assign a depreciation book to each subclass.
   • BCreate one depreciation book with two depreciation methods and assign the book to all assets.
   • CCreate two fixed asset classes and assign a depreciation method directly to each class.
   • DCreate two depreciation books and assign each book to the respective fixed asset class.
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