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

1.

You want to post a write-down from the fixed asset G/L journal. What G/L accounts do you need to set up in the FA posting group for the asset that you want to post the write-down for?

Write-down account

Write-down expense account

Write-down account and write-down expense account

Write-down expense account and depreciation account

2.

Where can you designate if an appreciation entry should be part of the depreciable basis?

On the FA Posting Type Setup page

On the FA Posting Group page

On the fixed asset card

On the Depreciation Book page

You must answer all questions before checking your work.

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