Exercise - Create a new fixed asset card

  • 8 minutes

Scenario

The IT manager at CRONUS purchased a new laptop. You've been asked to create a new fixed asset in Business Central by using the following information:

  • Description - Microsoft Surface Book 2

  • Responsible employee - John Roberts

  • Depreciation method - Straight-line

  • Depreciation starting date - April 6, 2020

  • No. of depreciation years - 4

  • Vendor - Fabrikam Inc.

  • Maintenance vendor - Fabrikam Inc.

The asset should use the COMPANY depreciation book so that all transactions are posted to the fixed asset ledger and the general ledger.

Tasks

Create the fixed asset as described in the scenario.

Steps

  1. Select the Search for page icon in the upper-right corner of the page, enter fixed assets, and then select the related link.

  2. Select New.

  3. In the Description field, enter Microsoft Surface Book 2.

  4. In the Class Code field, enter TANGIBLE.

  5. In the Subclass Code field, enter IT-EQUIP.

  6. In the Responsible Employee field, enter JR.

  7. Expand the Depreciation Book FastTab and fill in the fields as follows:

    • Depreciation Method - Straight-Line

    • Depreciation Starting Date - 04/06/20

    • No. of Depreciation Years - 4

  8. Expand the Maintenance FastTab.

  9. In the Vendor No. field, enter 10000.

  10. In the Maintenance Vendor No. field, enter 10000.

  11. Close the Fixed Asset Card page.