What is asset class? What are depreciation areas?
- 12 Answers
- 63362 Views
- HP, I also Faced
- E-Mail Answers
Answer Posted / nazeer ahammed
Asset class:classfying fixed assets in arganisation as per
particular country legal requirements.
ex: land,buildings,plant,machinery,furniture and
fixtures,vehicles,capital workin progress etc.,
for example take building as one asset class:
house hold building
commersial building
factory building
agriculture building
etc.,
Depreciation Areas:
Depreciation areas are used to calculate depreciation for
different reporting purposes.
ex:
Book depreciation(as per company Act 1956)
special Tax depreciation(as per income tax act 1961)
group depreciation
cost depreciation
management depreciaion
etc.,
| Is This Answer Correct ? | 48 Yes | 2 No |
Post New Answer View All Answers
Explain the input variance? : co- cost center accounting
What do you mean by net postings? : fi- general ledger accounting
What is collective processing of gl accounts? : fi- general ledger
What is the dunning area? : fi- accounts receivable
How to setup the performance base payment process?
What is the basic difference in wip calculation in product cost by order and product cost by period (repetitive manufacturing)?
Is it possible to calculate the planned activity output through system?
What items are required in a financial statement version? : fi- general ledger master data
How do you perform period closing in sap? : fi- general ledger accounting
What assurance the integration of all application modules?
Can we use write statements in screen fields if no then how is data relocate from field data to screen fields?
1. What is Spec? 2. If you run AP program without giving next payment rundate then system what erros throughs? 3. How do you calculate depreciation in SAP? 4. What depreciation Terms? 5. Where so you assign the plant?
what are the advantages & dis advantages document splitting in fico? where as we can see the reports gl a/c wise & particular vendor/customer/document wise why we prefer doc splitting? let me know the possible answer soon. asked @ Accenture.
how to control transport cost with sale invoices :- I want to know how to map tranport cost with respective sale invoices. This help us to avoid duplicate transport payment. As in PO freight condition is maintained ,is there is anyway to link or map transport cost with sale invoices
where is excise amount posted?is he asking abt table name or any other t code? if he said table name so how to find the table name?
