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Exam MB-310 topic 5 question 7 discussion

Actual exam question from Microsoft's MB-310
Question #: 7
Topic #: 5
[All MB-310 Questions]

HOTSPOT -
You manage fixed assets in Dynamics 365 Finance.
You have the following requirements:
✑ Purchase a fixed asset on a purchase order by using a procurement category.
✑ Purchase a fixed asset on a purchase order by using an item number.
✑ Post specific tax transactions for fixed assets by using a journal.
You need to associate the appropriate process in the system with the corresponding business requirement.
Which actions should you perform? To answer, select the appropriate configuration in the answer area.
NOTE: Each correct selection is worth one point.
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Reference:
https://www.loganconsulting.com/blog/fixed-asset-determination-rules-in-d365-for-finance-and-operations/

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globeearth
1 day, 20 hours ago
1: A. Configure Business Rules for fixed asset determination- Business Rules rules link procurement categories to fixed asset groups, allowing the system to automatically determine the fixed asset group and create a fixed asset 2: A. Select new fixed asset on purchase order line- create a purchase order line, select an item number, and then use the New fixed asset option on the purchase order line. This allows you to either create a new fixed asset or link the purchase to an existing fixed asset, ensuring the acquisition is recorded correctly 3: D. Use a fixed asset-specific sales tax group - use a fixed asset-specific sales tax group in the journal entry. This ensures that the correct tax calculations and postings are applied to the fixed asset transactions
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Alice9
10 months, 2 weeks ago
For the third question, the answer should be to create a journal name for Fixed Assets tax with posting layer "tax." https://learn.microsoft.com/en-us/dynamics365/finance/fixed-assets/post-fixed-asset-transactions-posting-layers
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Aamir66
10 months, 2 weeks ago
The reference from Logan consulting was mind blowing. thanks!
upvoted 2 times
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