Fixed assets end of week

Charts of Depreciation have what features? (3)

They are country specific

Created at the company code level

Maintained at the client level

Maintained at the depreciation area level

Manage legal requirements for asset valuation

Where is the financial statement version assigned for asset reporting?

Company code

Report

Depreciation area

Accounting principle

The following apply to asset classes(2)

Maintain at the company code level

Has 1 relationship with chart of depreciation

Can be used by many company codes

Contains two main sections - master data and depreciation data

What feature is used to create more than one asset master record at a time?

Collective processing

Multiple similar assets

Copy with reference

Sub-numbers

Which of these are automatically set in the asset master record at the first acquisition?(3)

Date of capitalization

Starting Date of the time interval field

Acquisition year and period

Date of initial acquisition

That the posting date and asset date belong to different years

Updating the setting of a depreciation key will historically correct the accumulated depreciation account the next time the periodic depreciation is executed.

Date of capitalization

Starting Date of the time interval field

Acquisition year and period

Date of initial acquisition

That the posting date and asset date belong to different years

Which transaction lead to capitalization?(3)

What is true for assigning charts of depreciation to company codes?

All company codes of a single country must be assigned to the same chart of depreciation

Each company code can be assigned to a different chart of depreciation

You assign company codes only to charts of depreciation delivered by SAP

A company with company codes in multiple countries can use a single chart of depreciation for all

How can you default a value for the cost center in the entire asset class for buildings?

By using asset sub-numbers

By changing the assigned screen layout

By changing the assigned tab layout

By entering it in default account assignment for the GL account

For which kind of asset is the main text always filled?

Asset super numbers

Group assets

Asset sub-numbers

Mass created assets

When making a partial sale, How can you choose to calculate the amount of value reduction for the asset?(3)

An online test run for depreciation is limited to how many assets?

100

1000

10000

No limit

Interest can be calculated in a depreciation area and posted in the depreciation run.

100

1000

10000

No limit

In both the ledger and accounts approach, the technical clearing account is posted to by all accounting-principle-specific documents.

True

False

To post intercompany tranfer, you maintain the cross-company code clearing accounts and posting keys

True

False

When you post an amount to an asset in the LVA (Low Value Asset) class that is above the threshold for the maximu value, How does the system respond?

The sysytem produces an error: for you to post you must split the asset or post to another asset class

You recieve a warning message

The system posts the value up to the LVA threshold and posts the rest to the asset sub number.

Which of the following is true regarding the technical clearing account used during asset acquisition?(3)

The account is a balance sheet account

The account is not allowed to be defined in the asset account determination

The account is a profit and loss account

The account must br created as a reconciliation account

The account can be intergrated with Controlling

Why do assets under construction require a special asset class? (2)

Because they must be displayed in seperate accounts of the financial statement.

Because interest can be charged to them.

Because they must be settled.

Because they must not be depreciated.

If two depreciation areas are set in customizing to post in real time, How many financial accounting documents will be posted during the depreciation run?

One document with two ledgers

One document per asset

Two documents one per ledger

It depends on the document splitting rule assigned

Which of the following can post to an asset under construction?

Acquisitions, Investment support measures, Down payments, Special depreciation

Only acquisitions

Only transfer/settlements

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