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Exam MB-310 topic 5 question 5 discussion

Actual exam question from Microsoft's MB-310
Question #: 5
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 books 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.
✑ Ensure that the historical transactions are transferred to the new fixed asset.
✑ Ensure Historical Depreciation expense entries do not change.
What should you do?

  • A. Reclassify the fixed asset
  • B. Change the fixed asset group and keep the same fixed asset number
  • C. Copy the fixed asset
  • D. Transfer the fixed assets
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/fixed-assets/tasks/reclassify-fixed-assets
by bbp at May 5, 2020, 5:13 p.m.

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globeearth
1 day, 21 hours ago
Selected Answer: A
Reclassify fixed assets function is designed exactly for the scenario you described: It cancels existing transactions and regenerates them for a new fixed asset It closes the old fixed asset and creates a new fixed asset number in the correct fixed asset group. It copies the existing asset's data and transfers historical transactions properly. Depreciation history remains unchanged — meaning historical depreciation expenses stay intact, which you specifically require.
upvoted 1 times
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AliK1i
6 months, 2 weeks ago
Selected Answer: A
A is cocrrect
upvoted 1 times
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Solo_1
1 year, 1 month ago
A. Reclassify the Fixed Asset
upvoted 4 times
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viking1
1 year, 6 months ago
A - Reclassify, is correct. Reclassifying the asset performs all of these steps.
upvoted 2 times
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Aysenuremre
1 year, 7 months ago
A. correct
upvoted 2 times
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Arunlal
1 year, 9 months ago
Thank you for the link
upvoted 1 times
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bbp
2 years, 12 months ago
Bad Link. Link not found error: Good Link: https://docs.microsoft.com/en-us/dynamics365/finance/fixed-assets/tasks/reclassify-fixed-assets
upvoted 4 times
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