Discover the top three actions to efficiently manage fixed asset transactions in Microsoft Dynamics 365 Finance. Learn how to process acquisitions, depreciation, and disposals accurately to maintain precise financial records and optimize asset management.
Table of Contents
Question
Your company has recently acquired several fixed assets and wants to manage them effectively. You need to ensure that the company can process fixed asset transactions efficiently while maintaining accurate financial records. What three actions should you perform? Each correct answer presents part of the solution. Choose three.
A. Process fixed asset acquisitions by using purchase orders, journals, and projects.
B. Process fixed asset acquisitions by using sales orders.
C. Process fixed asset depreciation by using the accounts payable journal.
D. Process fixed asset depreciation.
E. Process fixed asset disposals and other transactions by using the fixed asset journal.
F. Process fixed asset disposals by using the general ledger journal.
Answer
D. Process fixed asset depreciation.
E. Process fixed asset disposals and other transactions by using the fixed asset journal.
Explanation
Fixed asset acquisitions should be processed using purchase orders, journals, and projects, not sales orders. Fixed asset depreciation and disposals should be processed using the fixed asset journal, not the general ledger or accounts payable journal.
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