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C_TS4FI_2020 · Question #48

What is the purpose of the chart of depreciation?

The correct answer is A. The chart of depreciation manages country-specific legal valuation of fixed assets. See the full explanation below for the reasoning.

Question

What is the purpose of the chart of depreciation?

Options

  • AThe chart of depreciation manages country-specific legal valuation of fixed assets
  • BThe chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
  • CThe chart of depreciation defines the asset classes for which you can create fixed assets
  • DThe chart of depreciation substitutes the operational chart of accounts in asset-related postings.

How the community answered

(17 responses)
  • A
    71% (12)
  • B
    18% (3)
  • C
    6% (1)
  • D
    6% (1)

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Full C_TS4FI_2020 Practice