Exam MB-310 topic 5 question 19 discussion

Actual exam question from Microsoft's MB-310

Question #: 19
Topic #: 5

A company uses Dynamics 365 Finance to manage fixed assets. The company uses a legal entity for accounting and a legal entity for tax purposes. The company has 15 different fixed asset groups.

The company creates a new fixed asset group named Conveyor. You create a new fixed asset that uses the Conveyor fixed asset group. The fixed asset is not associated with a legal entity.

You need to ensure that both legal entities are associated with new fixed assets that you create for the Conveyor group.

What should you configure?

A. a fixed asset posting profile
B. a group book setup
C. a new fixed asset book
D. a new depreciation profile

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Suggested Answer: C 🗳️

by Flo2021 at Feb. 19, 2024, 5:21 p.m.

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globeearth

1 month, 2 weeks ago

Selected Answer: B

group book setup determines which fixed asset books are automatically associated with assets in a specific fixed asset group. Fixed asset books are used to track depreciation and other transactions for different purposes, such as accounting and tax reporting, and each book can be associated with a specific legal entity. Since the company uses separate legal entities for accounting and tax purposes, and the new fixed asset in the Conveyor group is not associated with a legal entity, configuring the group book setup for the Conveyor fixed asset group allows you to specify the books (and their corresponding legal entities) that should automatically apply to new assets in that group.

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Flo2021

9 months, 4 weeks ago

Seems correct to me, since it's in the fixed asset book where the depreciation profile (certainly different for tax) is set.

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