Shrink log D365FO log file
Select DB -> Right click -> Tasks -> Shrink -> Files
select file type as "Log".
Note down the value of file name.
Right click the Database -> New query -> Execute below query.
ALTER DATABASE AXDB
SET RECOVERY SIMPLE
GO
-- DBCC SHRINKFILE (filename , 1)
DBCC SHRINKFILE ('AXDB-17Mar_log', 1)
GO
ALTER DATABASE AXDB
SET RECOVERY FULL
** replace your file name
