You are implementing fixed assets for your company. The company requires the following
business process for creating assets: 1. A worker completes a capital expenditure form and
submits it to the accounting department for review and approval. 2. After the form is
approved, the asset is created. 3. A purchasing agent creates a purchase order and submits
it to the vendor for processing. 4. When the invoice is received from the vendor, the
accounts payable clerk processes an invoice to acquire the asset. No other users are
allowed to process the acquisition. You need to configure Microsoft Dynamics AX to meet
these requirements. Which two configurations should you complete? Each correct answer
presents part of the solution.

You need to configure fixed assets so that information such as asset purchase,
depreciation, revaluation, adjustment, and sale or disposal is tracked over the lifetime of the
assets. Which form tracks this financial information?

What does a depreciation convention determine?

You need to configure how fixed assets will be numbered. Which two techniques
accomplish this goal? Each correct answer presents a

Which three transaction types can you use to dispose of an asset? Each correct answer
presents a complete solution.

Which step must be taken before you can record an acquisition of a fixed asset on the
General journal form?

Which two documents can you use to set up fixed asset acquisitions? Each correct answer
presents a complete solution.

An organization has a policy of charging depreciation based on the usage of the fixed asset
in a fiscal year. You need to configure depreciation according to this policy. Which
depreciation method should you use?

You are using a voucher template to create a journal voucher. The template type is Percent.
The template has four lines with the following amounts: First line: $100 Second line: $200
Third line: S300 Fourth line: $400 When prompted for a voucher amount you enter $2,000.
What is the default amount on the third line of the journal voucher?

You are implementing Microsoft Dynamics AX 2012. You need to set up invoices for
payment so they are summed up for the payment proposal period. Which period option
should you choose?