12. When retiring an asset by scrapping there is _____ revenue associated.

Select an answer:

20 percent

zero

10 percent

the assigned

13. Unplanned asset depreciation is depreciation that occurs _____.

Select an answer:

other than at the end of a financial period

when an asset has reached the end of its useful life

quarterly

when an asset increases in book value

14. If you open a report in Master Data under Accounts Payable Accounting, what data will you see?

Select an answer:

data relating to payment transactions with vendors

data relating to supplier balances

data relating to vendor items

data relating to business partners (suppliers) set up in your system

15. When is unplanned depreciation used?

Select an answer:

quarterly

monthly

annually

when an asset depreciates faster than intended.

16. You are making the entries after your company acquired an asset from a vendor. Which entry that you made in the Add Vendor Item screen field must match the value in the Add Asset Item detail screen?

Select an answer:

the code you enter in the Posting Keys field

the value you enter in the Amount field

the terms you enter in the Payment Terms field

the sales tax amount you enter in the Tax Amount field