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Q:

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

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

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Subject: SAP FI

Q:

chart of depreciation is assigned to company code and necessary data for asset accounting is added to company code. Hence company code is available for use in asset accounting

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

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Subject: SAP FI

Q:

We can still post credit memos for AUC after it has been fully capitalized if we allow negative APC.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

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Subject: SAP FI

Q:

Screen layout rules in the asset master applies to the valuation fields in the depreciation area.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

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Subject: SAP FI

Q:

We must settle all line items at once, and you do not have to distribute100 percent of each line item for AUC using line item settlement.

A) TRUE B) FALSE
Answer & Explanation Answer: B) FALSE

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Subject: SAP FI

Q:

Asset sales posting can be posted to any revenue account, provided the account fields status is set correctly.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

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Subject: SAP FI

Q:

AUC have depreciation key, which denotes that depreciation will not be calculated

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

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Subject: SAP FI

Q:

An asset under construction requires a separate asset class with their own account determination since depreciation has to be shown separately on the balances sheet.

A) TRUE B) FALSE
Answer & Explanation Answer: B) FALSE

Explanation:
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Subject: SAP FI