After running the 'Calculate Depreciation' batch job, the accountant posts the depreciation journal. Later, they realize that the depreciation was calculated for the wrong period. What is the best way to correct this?

Delete the posted depreciation entries and re-run the calculation.

Post a reversing entry for the incorrect depreciation and then run the calculation again for the correct period.

Run the 'Calculate Depreciation' batch job again with the correct period; the system will automatically adjust the previous entry.

Edit the posted depreciation entries directly.

A company acquires a fixed asset for $50,000. The vendor invoice includes additional costs such as installation and delivery totaling $3,000. The accountant wants to include these costs in the acquisition cost of the asset. What is the best way to record this in Business Central?

Post the invoice for $50,000 and then post a separate acquisition entry for $3,000 in the FA Journal.

Post the invoice for $50,000 and then increase the acquisition cost on the fixed asset card.

Enter the full amount of $53,000 on the purchase journal line with the FA No. specified.

Post the invoice for $50,000 and expense the $3,000 as a maintenance cost.

A company purchases a delivery van for $45,000. The vendor invoice is entered in the purchase journal. The fixed asset was set up with an acquisition cost of $45,000 on the Fixed Asset card. When posting the purchase invoice, the user selects the 'FA No.' field and enters the fixed asset number. However, the system does not automatically create the fixed asset acquisition entry. What is the most likely reason?

The 'Acquisition Cost' field on the fixed asset card is not equal to the invoice amount.

The fixed asset's depreciation book does not have a depreciation method assigned.

The 'Automatic Acquisition Posting' field on the Fixed Asset Setup page is not enabled.

The vendor's posting group is not set up for fixed asset purchases.

Microsoft Certified:Dynamics 365 Business Central Functional Consultant Associate

Domain 4Objective 6

Process Fixed Asset Transactions MB-800 Practice Questions (Page 3)

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 11–15

11foundation · easy
Which posting type is used when posting depreciation entries for a fixed asset in the Fixed Asset G/L Journal?
Select an answer first
12application · medium
After running the 'Calculate Depreciation' batch job, the accountant posts the depreciation journal. Later, they realize that the depreciation was calculated for the wrong period. What is the best way to correct this?
Select an answer first
13foundation · easy
In Business Central, which depreciation method is commonly used when an asset's depreciation is the same amount each period over its useful life?
Select an answer first
14expert · hard
A company acquires a fixed asset for $50,000. The vendor invoice includes additional costs such as installation and delivery totaling $3,000. The accountant wants to include these costs in the acquisition cost of the asset. What is the best way to record this in Business Central?
Select an answer first
15application · medium
A company purchases a delivery van for $45,000. The vendor invoice is entered in the purchase journal. The fixed asset was set up with an acquisition cost of $45,000 on the Fixed Asset card. When posting the purchase invoice, the user selects the 'FA No.' field and enters the fixed asset number. However, the system does not automatically create the fixed asset acquisition entry. What is the most likely reason?
Select an answer first

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Process Fixed Asset Transactions MB-800 Practice Questions (Page 3)

Questions 11–15

Which posting type is used when posting depreciation entries for a fixed asset in the Fixed Asset G/L Journal?

After running the 'Calculate Depreciation' batch job, the accountant posts the depreciation journal. Later, they realize that the depreciation was calculated for the wrong period. What is the best way to correct this?

In Business Central, which depreciation method is commonly used when an asset's depreciation is the same amount each period over its useful life?

A company acquires a fixed asset for $50,000. The vendor invoice includes additional costs such as installation and delivery totaling $3,000. The accountant wants to include these costs in the acquisition cost of the asset. What is the best way to record this in Business Central?

Keep studying — Perform Business Central operations