Learn how to set up the Fixed Assets module in Microsoft Dynamics 365 Finance to automate depreciation adjustments, handle disposals in detail, and stay compliant with legislative changes.
Table of Contents
Question
Contoso, Ltd. is implementing Microsoft Dynamics 365 Finance. It needs to set up their fixed assets module to handle acquisitions, disposals, and depreciation accurately. It must also ensure that the system remains flexible for future changes in legislation. You need to create a fixed asset configuration that allows for automatic adjustments to depreciation when asset values are updated and ensures that disposal transactions are processed in detail. What should you do?
A. Configure the ‘Post disposal transactions in detail’ parameter to ‘No’ to simplify the disposal process.
B. Disable the ‘Calculate depreciation’ option for all fixed asset books to manually adjust depreciation after asset value updates.
C. Enable the ‘Create depreciation adjustments with basis adjustments’ option and set the ‘Post disposal transactions in detail’ parameter to ‘Yes’.
D. Set the ‘Automatically create depreciation adjustment amounts with disposal’ option to ‘No’ to maintain manual control over adjustments.
Answer
C. Enable the ‘Create depreciation adjustments with basis adjustments’ option and set the ‘Post disposal transactions in detail’ parameter to ‘Yes’.
Explanation
Enabling the ‘Create depreciation adjustments with basis adjustments’ option allows for automatic creation of depreciation adjustments when asset values change, which maintains accuracy and complies with legislative changes (option A). Disabling ‘Calculate depreciation’ (option B) would require manual intervention for each asset, which is not efficient. Setting the ‘Automatically create depreciation adjustment amounts with disposal’ to ‘No’ (option C) would prevent automatic adjustments, which is not desirable. Configuring ‘Post disposal transactions in detail’ to ‘No’ (option D) would not provide the detailed transaction records needed for accurate reporting and compliance.
Microsoft Dynamics 365 Finance Functional Consultant MB-310 certification exam assessment practice question and answer (Q&A) dump including multiple choice questions (MCQ) and objective type questions, with detail explanation and reference available free, helpful to pass the Microsoft Dynamics 365 Finance Functional Consultant MB-310 exam and earn Microsoft Dynamics 365 Finance Functional Consultant MB-310 certification.