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Microsoft

MB6-702 · Question #46

You need to update the depreciation periods for a specific fixed asset. Where can you update the depreciation periods?

The correct answer is A. On the value model for the fixed asset. Field: Depreciation periods The number of depreciation periods for the fixed asset. Note: Use the Value models form to select which value models to assign to the selected fixed Value models track the financial value of a fixed asset over time for various purposes, such as…

Set up and Configure Fixed Assets

Question

You need to update the depreciation periods for a specific fixed asset. Where can you update the depreciation periods?

Options

  • AOn the value model for the fixed asset
  • BOn the Fixed asset parameters form
  • COn the main account for the fixed asset
  • DOn the Fixed asset group form

How the community answered

(37 responses)
  • A
    73% (27)
  • B
    8% (3)
  • C
    14% (5)
  • D
    5% (2)

Explanation

Field: Depreciation periods The number of depreciation periods for the fixed asset. Note: Use the Value models form to select which value models to assign to the selected fixed Value models track the financial value of a fixed asset over time for various purposes, such as accounting depreciation, tax depreciation, revaluation, and disposal. Each value model represents an independent financial life cycle, and each fixed asset can have several value models assigned to it. Not D: Use the Fixed asset groups form to set up the fixed asset groups that define asset characteristics such as type, number sequence, and default value models. You must assign each fixed asset to a fixed asset group.

Topics

#depreciation periods#value model#fixed asset configuration#depreciation setup

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