Previous

Next

Check your knowledge

Completed

Answer the following questions to see what you've learned.

1.

On the reclassification journal lines, you didn't select the Insert Bal. Account field. After entering all the lines correctly, you select Reclassify in the ribbon. What should you do next?

Nothing; everything is reclassified as it should be

Go to the FA G/L journal to post the journal lines that the reclassify function has created

Go to the FA journal to post the journal lines that the reclassify function has created

Run the Post Reclassification Lines batch job

2.

You decide to sell a segment of an asset that is registered as a single asset in the program. How can you dispose of the part of the asset that will be sold?

To dispose of a part of the asset, create a new asset for the part to be sold, use the reclassification journal to reclassify the asset into two assets, and then dispose of the resulting part.

To dispose of a part of the asset, assign a new depreciation book to the asset, use the reclassification journal to reclassify the asset into two assets, and then dispose of the resulting part.

To dispose of a part of the asset, create a new asset for the part to be sold, use the reclassification journal to combine the assets into one asset, and then dispose of the resulting part.

Create a sales invoice and use the Quantity field on the sales line to specify how much of the asset should be sold. For example, if you want to sell one-fourth of the total acquisition cost and depreciation amount, enter 0.25 in the Quantity field.

You must answer all questions before checking your work.

Continue