Microsoft
MB6-702 · Question #52
An asset reaches the end of its usable life. You need to generate a document and record the sale of this asset. What should you create?
The correct answer is D. A fixed asset journal. When you propose depreciation, depreciation is calculated for the fixed assets, and then depreciation transactions (journal lines) are created.
Set up and Configure Fixed Assets
Question
An asset reaches the end of its usable life. You need to generate a document and record the sale of this asset. What should you create?
Options
- AA return purchase order
- BA free text invoice
- CA sales order
- DA fixed asset journal
How the community answered
(27 responses)- A4% (1)
- B11% (3)
- C4% (1)
- D81% (22)
Explanation
When you propose depreciation, depreciation is calculated for the fixed assets, and then depreciation transactions (journal lines) are created.
Topics
#fixed asset disposal#asset sale#fixed asset journal#end of useful life
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