Microsoft
MB3-701 · Question #1
What is the purpose of the Fixed Assets calendar?
The correct answer is C. Creates all periods that are required for depreciation calculations. See the full explanation below for the reasoning.
Question
What is the purpose of the Fixed Assets calendar?
Options
- ACreates periods for the mid-quarter averaging convention.
- BCreates past and future years that are used to determine the life of an asset.
- CCreates all periods that are required for depreciation calculations.
- DCreates periods to determine when the depreciation process should be performed.
How the community answered
(45 responses)- A9% (4)
- B16% (7)
- C71% (32)
- D4% (2)
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