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Which two statements are true about fixed asset (FA) journals?

Which two statements are true about fixed asset (FA) journals? (Each correct answer
presents a complete solution. Choose two.)

PrepAway - Latest Free Exam Questions & Answers

A.
A calculated depreciation for a fixed asset is entered using the FA journal. When the
journal is posted, an entry is created for the fixed asset number in the Fixed Asset module.

B.
A manually calculated depreciation for a fixed asset is entered using the FA G/L journal.
When the journal is posted, an entry is created for both the G/L Account number as well as
the fixed asset number in the Fixed Asset module.

C.
Fixed assets depreciation is automatically posted using the Calculate Depreciation batch
job.

D.
General ledger entries based on fixed asset ledger entries are only created when using
the depreciation book selected on the Fixed Assets Setup window.


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