Fixed asset provision types (form) [AX 2012]

Updated: May 24, 2011

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click Fixed assets > Setup > Fixed assets provision types.

Use this form to set up controls for the following ownership period criteria:

  • The posting of profits that result from the sale of a fixed asset.

  • The posting of the reserve value of the fixed asset if a Revenue recognition of reserves proposal for a fixed asset journal line has been created.

The following table provides descriptions for the controls in this form.

Field

Description

Type

The unique identifier of each provision type. You can select a provision type in the Depreciation books form.

When an asset is disposed of, the provision for reserves is generated automatically, based on the fixed asset provision type, as long as the criteria for ownership is met, and the gain from the sale of the asset is deferred.

Description

A description of the provision type, such as a description of the kind of reserves that the provision type is used for.

Length of ownership

The required length of ownership that determines whether a gain from the sale of a fixed asset meets the criteria to defer the recognition of that gain.

For more information, see Months.

Months

The number of months of ownership that serves as the asset expiration deadline for the reserve posting policy, which comes into effect when you create a Revenue recognition of reserves proposal for a fixed asset journal line.

For more information, see Months.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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