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Microsoft MB-310 Exam - Topic 5 Question 131 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 assetsgroup.What should you do?
D) Transfer the fixed assets.
A) Reclassify the fixed asset.
B) Copy the fixed asset.
C) Change the fixed asset group

Microsoft MB-310 Exam - Topic 5 Question 131 Discussion

Actual exam question for Microsoft's MB-310 exam
Question #: 131
Topic #: 5
[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.

What should you do?

Show Suggested Answer Hide Answer
Suggested Answer: D

Contribute your Thoughts:

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Carole
5 days ago
I disagree. Copying the fixed asset seems safer.
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Levi
10 days ago
This is tricky! I think we should reclassify the fixed asset.
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Scarlet
15 days ago
Not sure if copying the asset is the right move here.
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Lang
20 days ago
Wait, can you really just change the group like that?
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Jolene
25 days ago
I think reclassifying might be the better route.
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Florinda
1 month ago
Definitely need to go with option C.
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Ciara
1 month ago
Sounds like a classic mix-up with asset groups!
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Celestina
1 month ago
Transferring the fixed assets seems like an option, but I feel like it might not cover all the requirements listed in the question.
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Malcolm
3 months ago
Changing the fixed asset group sounds like it could work, but I’m a bit confused about how that would affect the existing transactions.
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Basilia
3 months ago
I remember a practice question where we had to copy a fixed asset, but that doesn't seem to fit this scenario.
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Jeniffer
3 months ago
I think we might need to reclassify the fixed asset, but I'm not entirely sure if that would cancel the transactions properly.
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