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NEW QUESTION: 1
Which three statements about value models are correct? Each correct answer presents a complete solution.
A. Value models define the number sequence to be used when creating a fixed asset.
B. Assigning a value model to a fixed asset is required.
C. An unlimited number of value models can be assigned to an asset.
D. Value models track the financial value of a fixed asset over time.
E. A value model defines how an asset is depreciated.
Value models track the financial value of a fixed asset over time (C) for various purposes, such as accounting
depreciation (B), tax depreciation, revaluation, and disposal. Each value model represents an independent financial
life cycle, and each fixed asset can have several value models assigned to it (A).
Reference: Set up value models [AX 2012]