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Answer the following questions to see what you've learned.

1.

After you posted the acquisition cost of a new car, you want to assign the fixed asset to an existing insurance policy in Business Central. How can you accomplish this task?

Enter the acquisition cost amount of the fixed asset on the insurance card.

Use the Insurance journal, where you can link the fixed asset with the insurance.

Use the FA journal, where you can link the fixed asset with the insurance.

Use the FA G/L journal, where you can link the fixed asset with the insurance.

2.

What happens when you post a disposal entry for a fixed asset to the depreciation book that is selected in the Insurance Depr. Book field in the Fixed Asset Setup window?

A fixed asset’s insurance coverage automatically terminates.

The insurance policy is deleted automatically.

The program prepares a line with a negative amount in the Insurance journal.

Nothing. You must manually post a line with a negative amount from the Insurance journal for the disposal amount.

You must answer all questions before checking your work.

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