Knowledge quiz

It's time to put what you've learned to the test, get 7 right to pass this unit.

1.

Depreciation is posted as a company's expense.

Choose the correct answer.
2.

A Capitalization document can be created automatically by an A/R Invoice.

Choose the correct answer.
3.

Asset net book value = historical item cost - accumulated depreciation

Choose the correct answer.
4.

An asset can be associated with several asset classes.

Choose the correct answer.
5.

Creating a virtual fixed asset is available only if you use numbering series for the asset master data.

Choose the correct answer.
6.

A Retirement document can be created by an A/P invoice.

Choose the correct answer.
7.

A depreciation run creates journal entries.

Choose the correct answer.
8.

What is a virtual fixed asset?

Choose the correct answer.

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