You need to create a fixed asset that records depreciation quarterly. Which form should you use to configure the period frequency for posting depreciation?

The correct answer is A. Value models. Use the Value models form to select which value models to assign to the selected fixed asset. 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…

Set up and Configure Fixed Assets

Question

Options

AValue models
BDepreciation profiles
CSpecial depreciation allowance
DDepreciation books

How the community answered

(33 responses)

A
82% (27)
B
9% (3)
C
3% (1)
D
6% (2)

Explanation

Use the Value models form to select which value models to assign to the selected fixed asset. 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.

Topics

#depreciation frequency#value models#period frequency#quarterly depreciation

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