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when you create asset master records this data is automatically adopted from the asset class you specify

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Correct Answer: TRUE

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When performing line item settlement of an AUC to one or more completed assets, A. Select all line items that you want to settle in the same proportion to the same receiver. B. Define distribution Rules for these line items. C. Post settlement of line items to the specified receivers using the distribution rule. D. Posting procedure settles all line items to which a distribution rule is assigned.
You can create multiple similar assets for example if you purchase 20PCs at once for your training department, or 12 desks for a new suite of offices. You can still make separate entries for each A. Cost center B.Inventory number C.Business area D.Description of the assets
Types of depreciation in Asset accounting.Choose the following? A.Special depreciation B.Unplanned depreciation C.Manual depreciation D.Automatic depreciation
Individual calcualtion methods which can be assigned to Depreciation key. A. Declining balance methods B. Maximum amounts methods C. Multilevel methods D. Period control Methods
Dfferent Valuation approaches are used to valuate the asset Portfolio and transactions in Asset accounting. Choose the correct Example from the list given below. A.Financial statement according to local requirement. B.Balance sheets for tax purposes C.Internal accounting (Cost accounting) D.Parellel financial reporting, for example, creating consolidated balance sheet according to IAS, US GAAP and so on.
Differnt types of Depreciation areas. A.Book depreciation - 01 B.Income tax depreciation -20 C.Revaluation -10 D.Derived Depriciation - 50
Choose the correct statement regarding the asset class. A. Asset classes are used as template for the asset master records and therefore necessary to decide which default values are to be stored in the asset classes to ensure the uniformity of the assets. B. Asset classes are the most importnant means of structuring the fixed assets according to the requirements of the enterprise. C.Asset class defination applies to all company codes in a client. D.Asset class consits of master data and valuation sections.
The layout of asset master defines the following A.The Number of tab pages B.The field groups C.Account groups D.Tolerance groups
special asset class: LVA A.set up max amount check in dep areas B.for each type of management you have to set up seperate aseet class C.for collective management you have to enter a base unit of quantity in asset class D.can be managed using individual management or collective management
posting to G/L A.dep is always posted on periodic basis B.dep area 01 posts APC values to G/L online in real time C.other dep areas can recieve their values from dep area 01 but calculate and post different dep values to G/L D.defining dep areas for reporting purposes only do not post any values to G/L

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