Waht is depreciation key, Deprecation area and assets class.
- 1 Answers
- 5143 Views
- I also Faced
- E-Mail Answers
Answer Posted / biswajit
Depreciation Key: Depreciation is calculated using depreciation key. Depreciation key contain all the control information defined for the calculation of planned depreciation. Depreciation key are defined at chart of depreciation level.
Depreciation Area: The fixed assets are valued differently for different purpose. SAP manages these different valuation by means of depreciation area. it is a 2 digit code. the depreciation area contain the depreciation term which you have to assign into asset class or asset master data. Depreciation area decides hoe and for what purpose an asset will evaluated.
Asset Class: This define the types of assets(like Land, Machinery, building etc.). Asset class is linked between the asset master record and and relevant account in GL account.
The account determination in the gl account enable you to post transaction in relevant GL account.
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
What is the maximum number of posting periods in sap? : cost center accounting
How can you manually clear open items? When? : fi- general ledger master data
What is difference between ECC6 and lower level? briefly explain me
How do you ensure correct balances in the financial statement? : fi- general ledger master data
Steps to config IT Depreciation
Can you pay a vendor in a currency other than the invoice currency? : fi- accounts payable
Is business area at company code level?
Hi SAP friens, i am a beginner in SAP-FICO and started giving interviews...i am struggling and lost couple of interviews because I couldnot tell any tickets/issues...can you help me by sending some tickets/issues to my mail id - rajendranmba@gmail.com...it would be of great help to me to clear the interview...please help.
What is a country chart of accounts? Why do you need this?
What are the major components of the chart of accounts?
Explain briefly how you can import electronic bank statements into sap?
HOW TO ACTIVATE SEGMENT FILED IN ASSET ACCOUNTING ALSO CAN WE GET SEGMENT WISE FINANCIAL STATEMENTS IF YES THEN WHY WE ARE SPECIFYING BUSINESS AREA WISE FIN. STATEMENTS IN GLOBAL PARAMETERS (OBY6)
What is an asset explorer? : fi- asset accounting
State the purpose of defining posting keys?
Name some settlement receivers for co internal orders?
