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Microsoft MB-310 Exam - Topic 4 Question 34 Discussion

You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets -- vehicles in the wrong fixed asset group.You need to achieve the following:* Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are* canceled and regenerated for the new fixed asset.* Ensure that all value models for the existing fixed asset are created for the new fixed asset. Any information* that was set up for the original fixed asset is copied to the new fixed asset.* Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the* new fixed assets group.* Ensure that the historical transactions are transferred to the new fixed asset.* Ensure Historical Depreciation expense entries do not change.What should you do?
A) Reclassify the fixed asset
B) Change the fixed asset group and keep the same fixed asset number
C) Copy the fixed asset
D) Transfer the fixed asset

Microsoft MB-310 Exam - Topic 4 Question 34 Discussion

Actual exam question for Microsoft's MB-310 exam
Question #: 34
Topic #: 4
[All MB-310 Questions]

You are the controller for an organization. The company purchased six service trucks. You observe that your accountant set up Fixed assets -- vehicles in the wrong fixed asset group.

You need to achieve the following:

* Change the fixed asset group so that the existing fixed asset transactions for the original fixed asset are

* canceled and regenerated for the new fixed asset.

* Ensure that all value models for the existing fixed asset are created for the new fixed asset. Any information

* that was set up for the original fixed asset is copied to the new fixed asset.

* Close the old fixed asset number in the old fixed assets group and create a new fixed asset number in the

* new fixed assets group.

* Ensure that the historical transactions are transferred to the new fixed asset.

* Ensure Historical Depreciation expense entries do not change.

What should you do?

Show Suggested Answer Hide Answer
Suggested Answer: A

References:

https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/reclassify-fixed-assets


by Jolene at May 08, 2022, 12:21 PM

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Avery
9 months ago
Definitely reclassify! It’s the simplest solution here.
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Romana
9 months ago
Wait, can you really just transfer the fixed asset like that?
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Yolande
9 months ago
Copying the fixed asset seems like a hassle, why not just reclassify?
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Kiera
9 months ago
I think keeping the same fixed asset number could cause confusion later.
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Loren
9 months ago
Sounds like reclassifying the fixed asset is the way to go!
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Vicky
9 months ago
Copying the fixed asset sounds familiar, but I’m uncertain if that would transfer all the historical transactions correctly.
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Cruz
10 months ago
I think changing the fixed asset group while keeping the same number might not cancel the old transactions, which seems important.
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Ronny
10 months ago
I remember something about reclassifying fixed assets, but I'm not sure if that's the best option here.
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Kerry
10 months ago
Transferring the fixed asset could be a solution, but I’m worried about how it affects the historical depreciation entries.
upvoted 0 times
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Linette
10 months ago
Okay, let's see. I'm pretty sure Message Key is one of the fields used, but I'm not sure about the other one. I'll have to review my notes on CI binding.
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Maryrose
10 months ago
This one seems pretty straightforward. I'm going to go with Invoices since that's the most obvious choice for Receivable Accounting Events.
upvoted 0 times
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