A company acquires a new forklift for $30,000. The vendor invoice is entered in the purchase journal. The company wants the acquisition cost to be posted to the fixed asset's G/L account and also to appear in the fixed asset register. Which two fields must be set on the purchase journal line?

FA No. and Depreciation Book Code

Depreciation Book Code and Posting Date

A company has a fixed asset with an acquisition cost of $100,000 and a useful life of 10 years. They want to switch from Straight-Line to Declining-Balance 1 for tax purposes. The asset has been depreciated for 2 years using Straight-Line. What is the impact of changing the depreciation method on the depreciation book?

The system will recalculate depreciation from the acquisition date using the new method.

The system will require a new depreciation book to be created for the new method.

The system will calculate future depreciation based on the remaining net book value and the new method.

The system will continue to use Straight-Line for the remaining life.

Microsoft Certified:Dynamics 365 Business Central Functional Consultant Associate

Domain 4Objective 6

Process Fixed Asset Transactions MB-800 Practice Questions (Page 2)

Part of the Perform Business Central operations domain, which accounts for 30–35% of the MB-800 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~12–23 in this domain), expect 2–3 from this objective — we provide 40 practice questions to prepare you well beyond it. (estimate)

40questions here

8free pages

8concepts

30–35%of the exam

Questions 6–10

6foundation · easy
When recording a fixed asset acquisition in the Fixed Asset G/L Journal, which field must be specified to indicate the type of transaction?
Select an answer first
7application · medium
A company acquires a new forklift for $30,000. The vendor invoice is entered in the purchase journal. The company wants the acquisition cost to be posted to the fixed asset's G/L account and also to appear in the fixed asset register. Which two fields must be set on the purchase journal line?
Select an answer first
8expert · easy
A company has a fixed asset with a depreciation book that uses the straight-line method. The asset was acquired on January 1, 2023, with a cost of $60,000, a salvage value of $0, and a useful life of 5 years. The company's fiscal year ends on December 31. On January 15, 2024, they run the 'Calculate Depreciation' batch job for the period ending December 31, 2024. What is the depreciation amount for 2024?
Select an answer first
9foundation · easy
Which batch job in Business Central is used to calculate depreciation for fixed assets?
Select an answer first
10expert · hard
A company has a fixed asset with an acquisition cost of $100,000 and a useful life of 10 years. They want to switch from Straight-Line to Declining-Balance 1 for tax purposes. The asset has been depreciated for 2 years using Straight-Line. What is the impact of changing the depreciation method on the depreciation book?
Select an answer first

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Process Fixed Asset Transactions MB-800 Practice Questions (Page 2)

Questions 6–10

When recording a fixed asset acquisition in the Fixed Asset G/L Journal, which field must be specified to indicate the type of transaction?

A company acquires a new forklift for $30,000. The vendor invoice is entered in the purchase journal. The company wants the acquisition cost to be posted to the fixed asset's G/L account and also to appear in the fixed asset register. Which two fields must be set on the purchase journal line?

Which batch job in Business Central is used to calculate depreciation for fixed assets?

Keep studying — Perform Business Central operations