A company is using Microsoft Dynamics 365 Finance. The company sells one of its assets. You need to dispose of this asset in the system. Which transaction type should you use?

Question

Exhibit

Options

• ADisposal - sale
• BExtraordinary depreciation
• CDisposal - scrap
• DAcquisition

• B
  2% (1)
• C
  95% (52)
• D
  4% (2)

Explanation

Dynamics 365 Finance, Dispose of a fixed asset as scrap You can eliminate transactions for a fixed asset that was disposed of as scrap. The transaction types that can be eliminated include an asset's acquisition and accumulated depreciation transactions and other fixed asset transactions. Elimination of these transactions affects balance sheet accounts, such as acquisition adjustment, depreciation adjustment, revaluation, write-up, and write-down accounts. Before you dispose of a fixed asset as scrap, you must create ledger accounts that are associated with: the asset's acquisition value depreciation for the current year depreciation for previous years The fixed asset transaction types are listed on the Fixed assets posting profile page. Go to Fixed assets > Setup > Fixed asset posting profiles, and then, on the Disposal FastTab, select Scrap in the field above the grid. The following illustration shows the list of fixed asset transaction types on the Fixed asset posting profiles page. https://learn.microsoft.com/en-us/dynamics365/finance/fixed-assets/dispose-of-a-fixed-asset-as-

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