What concept of group asset while we having asset class

Question Posted / rsn100

2 Answers
10448 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

What concept of group asset while we having asset class..

Answer / reshma

To meet certain tax requirements of the country (in our
case Income Tax Act of India) which require depreciation
calculation at a higher level than the individual asset
level the concept of group assets in SAP is utilized. The
group asset in SAP makes it possible to group together a
number of assets for the calculation of depreciation as per
the Income Tax Act.

Is This Answer Correct ?

7 Yes

1 No

What concept of group asset while we having asset class..

Answer / dolly

group of asset means asset assets within same class with
same percentage of depreciation eg.plant and machinery with
same percentage.

Is This Answer Correct ?

3 Yes

3 No

Post New Answer

More SAP FI-CO (Financial Accounting & Controlling) Interview Questions

cogs as a cost element and cogs is a not a cost element how the system behaviar

1 Answers

How do you configure the gl account for the house bank? : fi- general ledger accounting

0 Answers

what is DOCUMENT SPLITTING ? plz breif in detail and also tell the process and configuration of DOCUMENT SPLITTING WITH TRANSACTION CODE?

3 Answers IBM,

vendor wants the payments from different banks for each open item document through APP. Like one document from Icici Bank, another document from HDFC Bank. where you configure it? Is it Possible?

8 Answers Accenture,

In extended withholding taxes for submission of tax returns i.e. quarterly & annual which sap note is used?

0 Answers IBM,

if company is incorporated on apr25, how to create a fiscal year with period 1 starting from apr25 instead of apr1? (fiscal year is apr-mar)

0 Answers

Can we print a same check twice in a single payment run

2 Answers Wipro,

I have learn the course SAP FI/CO in the Yr.2007 and have an experience in this part as a FI-End user of 2.8 yrs. Presently I have working in ERP –Accounts department & have More than 15 yrs. Experience. Please suggest me how can I grow my experience in SAP FI/Co due to changing my job? Waiting for your response plese.

0 Answers

What is a line item? : fi- general ledger

0 Answers

Which coa is used for day to day postings ?

0 Answers

what are prerequiations when asset master data uploaded in legacy system?

0 Answers TCS,

if i want 10 payment instalments(OBB8 & OBB9) how to do in payment terms?

3 Answers Patni,

For more SAP FI-CO (Financial Accounting & Controlling) Interview Questions Click Here