Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


Depreciation Keys?

Answers were Sorted based on User's Feedback



Depreciation Keys?..

Answer / sandhya

Depreciation keys = depreciation method + depreciation rate.

depreciation method could be slm(straight line method),
wdv(written down value method)etc

depreciation rate is nothing but the percentate like 5%, 6%,etc

hence dep key = slm + 5 %

Is This Answer Correct ?    46 Yes 8 No

Depreciation Keys?..

Answer / geevidhyadhar

You are aware that every fixed asset keeps losing value as
time progresses and the loss of value is called as depreciation.

Depreciation Keys are pre-defined mathematical functions
which perform number crunching so as to reduce the value of
asset (usually) with the passage of time.

A Depreciation Key is a bundle of various methods of
standardized depreciation. A depreciation key contains

a. Base method (such as straight line depreciation etc.)

b. Declining Balance Method ( more affectionately known as
WDV method, Written Down Value Method)

c. Maximum Amount Method ( an arbitrary pre-defined amount
up to which depreciation of an asset can be carried out)

d. Multi-level method ( which is a mixed bag of one or more
of the aforesaid methods ) . Usually it has been
mathematically proved that the Declining Balance Method
cannot be effective in writing off the value of an asset in
full ( viz. reduce to zero balance) in a finite period of
time. In order to avoid this complication, you can use
multi-level method which effects a change-over from
declining balance method to straight line method under
certain conditions pre-defined in the depreciation methods/
keys)

e. Period Control Method ( this tells you the date on which
capitalization / de-activation, start of depreciation could
commence with regard to asset acquisition, additions to it,
retirement and transfer ).

All these depreciation methods are bundled into a
depreciation key which is assigned to the asset master record.

There are many depreciation keys available and you can
create them too. Usually they are country-specific.

Assignment of a suitable depreciation key to the asset
master helps in the fair valuation of assets and profits /
losses ( through fair estimation of depreciation of assets).

Hope it is clear. Please feel free to share with any other
information that I might have missed out

Regards

geevidhyadhar

Is This Answer Correct ?    31 Yes 1 No

Depreciation Keys?..

Answer / mohitfi

Dep key is the key which contains the valuation methods
under particular dep area.

Is This Answer Correct ?    33 Yes 9 No

Depreciation Keys?..

Answer / geevidhyadhar

Depreciation is the process of expensing out your asset
(owing to various reasons such as wear and tear, change in
fashion/technology, unforeseen calamities etc.).
Depreciation normally occuring uses some standard and
acceptable methodologies. SAP defines such methodologies
such as depreciation methods ( Base method, declining
balance method, max.value method, period control method and
multilevel method which is a mixed bag of the other methods
described above). A Depreciation key can be considered as a
box which houses all the depreciation methods described
above. A suitable depreciation key and the estimated useful
life of the asset usually work together in finding out how
to expense out the value of asset ( viz. depreciate the
asset). When applied , the asset value keeps decreasing over
its estimated useful life in accordance with the norms
specified in the depreciation key whereby the asset value is
usually reduced to NIL when the useful life of the asset ends.

Is This Answer Correct ?    8 Yes 4 No

Depreciation Keys?..

Answer / meeravali

Depreciation key help to calculate the depreciation automatically on asset master data, the depreciation key may be strightline method and writtendown method we should assign depreciation key to asset master

Is This Answer Correct ?    6 Yes 2 No

Depreciation Keys?..

Answer / siva

Depreciation key is to specify the Dep method ( WDV/ SLM & Rate or Useful Life)
In addition to these, we put some controls to restrict the mastakes may be done by End users.
Base Line Method, it specifies depn to be calculated on the basis of useful life or %..
Deciling balance method - It specifies min% & Max% in which dep to be allowed ( If useful life wrongly taken by end user it will restrict)
Max amount method - It specify the amx amount that can be allowed ( Control to restrict the mistake)
Period COntrol Method - It specifies the depn to be taken for whic period
Multi Level Method - It specifies the method of Depn ( whether SLM/ WDV)

In this Base Line Method, Period Control Method & Multi level method are mandatory
Max Amount Method & Declining methods are for controls ( Optional)

Is This Answer Correct ?    0 Yes 0 No

Depreciation Keys?..

Answer / mohd majid khan

Sandhya you are absolutely right.
Thanks,
Majid

Is This Answer Correct ?    8 Yes 9 No

Depreciation Keys?..

Answer / pp

depreciation Key is used to calculate the depreciation on
the asset.In the depreciation key we have calculation
methods.Based on the Base method calculation method of
depreciation would be decided like based on the life of the
asset,Explicit percentage,immediate depreciation,manual
depreciation.Suppose if it is based on the explicit
percentage in multi level method we have give the percentage
and base value of the asset.

Is This Answer Correct ?    1 Yes 3 No

Depreciation Keys?..

Answer / vandana k ashok

Depreciation key contains the value of setting which are
necessary for determining depreciation amount. It define
level of chart of depreciation available all company code
it mainly using planned depreciation.

Is This Answer Correct ?    5 Yes 8 No

Depreciation Keys?..

Answer / bhaskar

A key for calculating depreciation amounts.
The depreciation key controls the following for each asset
& for each depreciation area,
(1)Automatic calculation of planned depreciation
(2)Automatic calculation of Interest
(3)Maximum Percentage for manual depreciation.

Is This Answer Correct ?    12 Yes 19 No

Post New Answer



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

What is direct and in-direct posting? : cost center accounting

0 Answers  


Hi can anyone tell me contact numbers of Ravikumar (Reliance global services) and Sathyanarayana (i Logic or compu learn). I am looking for product costing online training. Friends your suggestions are welcome.

4 Answers  


What is collective processing of gl accounts? : fi- general ledger accounting

0 Answers  


Hi What is the Major Difference Between Profit Center and Business Area

12 Answers   Cognizant,


May i know the difference between Direct capitalisation and AUC capitalisation in Fixed Assets

2 Answers   Genpact,






what is document splitting?

1 Answers   HP,


Hi What is Maintain Versions? T.Code: OKEQ

2 Answers  


What is direct activity allocation? : co- cost center accounting

0 Answers  


When I post any transaction in F-02. Showing error as "No amount tolerance range entered for company code" and if i press enter again for the 2nd time, its showing error as "Company code not assigned to country or country to calculation procedure". Please provide me a solution for this? For this I got the answer "remove tolerance group from GL account and to assign some tax procedure to country with out this sap system does not allow any transactions in system.so procedure for assigning tax procedure is mentioned below. --->Financial Accounting---->Financial A/c Global Settings---->Tax on Sales/ Purchases---->Basic Settings---->Assaign Country to Calculation Procedure----> Select Position Button Country----> IN Press Enter For Counry IN Assaign Procedure ----> TaxUS-Sales Tax Select Save Button or CTRL+S. Press Enter to save in your request. I've done following the same procedure However, Now I am getting New error as "Maintain conversion factors for EUR/INR (Currency type M)". I am unable to go further. Please give me the solution for this? (Thanks to Mr prasad for your valuable answer)

4 Answers  


What is the fundamental behind Field Status Groups - where all Assignments - what for used - master data level assignments?

3 Answers   TCS,


What are the common reasons for errors in accounting and what impact do they actually have on the organization?

0 Answers  


What is the trading partner concept? : fi- accounts receivable

0 Answers  






Categories
  • SAP Basis Interview Questions SAP Basis (1260)
  • SAP ABAP Interview Questions SAP ABAP (3937)
  • SAPScript Interview Questions SAPScript (236)
  • SAP SD (Sales & Distribution) Interview Questions SAP SD (Sales & Distribution) (2695)
  • SAP MM (Material Management) Interview Questions SAP MM (Material Management) (902)
  • SAP QM (Quality Management) Interview Questions SAP QM (Quality Management) (99)
  • SAP PP (Production Planning) Interview Questions SAP PP (Production Planning) (523)
  • SAP PM (Plant Maintenance) Interview Questions SAP PM (Plant Maintenance) (252)
  • SAP PS (Project Systems) Interview Questions SAP PS (Project Systems) (138)
  • SAP FI-CO (Financial Accounting & Controlling) Interview Questions SAP FI-CO (Financial Accounting & Controlling) (2753)
  • SAP HR (Human Resource Management) Interview Questions SAP HR (Human Resource Management) (1179)
  • SAP CRM (Customer Relationship Management) Interview Questions SAP CRM (Customer Relationship Management) (432)
  • SAP SRM (Supplier Relationship Management) Interview Questions SAP SRM (Supplier Relationship Management) (132)
  • SAP APO (Advanced Planner Optimizer) Interview Questions SAP APO (Advanced Planner Optimizer) (90)
  • SAP BW (Business Warehouse) Interview Questions SAP BW (Business Warehouse) (896)
  • SAP Business Workflow Interview Questions SAP Business Workflow (72)
  • SAP Security Interview Questions SAP Security (592)
  • SAP Interfaces Interview Questions SAP Interfaces (74)
  • SAP Netweaver Interview Questions SAP Netweaver (282)
  • SAP ALE IDocs Interview Questions SAP ALE IDocs (162)
  • SAP Business One Interview Questions SAP Business One (110)
  • SAP BO BOBJ (Business Objects) Interview Questions SAP BO BOBJ (Business Objects) (388)
  • SAP CPS (Central Process Scheduling) Interview Questions SAP CPS (Central Process Scheduling) (14)
  • SAP GTS (Global Trade Services) Interview Questions SAP GTS (Global Trade Services) (21)
  • SAP Hybris Interview Questions SAP Hybris (132)
  • SAP HANA Interview Questions SAP HANA (700)
  • SAP PI (Process Integration) Interview Questions SAP PI (Process Integration) (113)
  • SAP PO (Process Orchestration) Interview Questions SAP PO (Process Orchestration) (0)
  • SAP BI (Business Intelligence) Interview Questions SAP BI (Business Intelligence) (174)
  • SAP BPC (Business Planning and Consolidation) Interview Questions SAP BPC (Business Planning and Consolidation) (38)
  • SAP BODS (Business Objects Data Services) Interview Questions SAP BODS (Business Objects Data Services) (49)
  • SAP BODI (Business Objects Data Integrator) Interview Questions SAP BODI (Business Objects Data Integrator) (0)
  • SAP Ariba Interview Questions SAP Ariba (8)
  • SAP Fiori Interview Questions SAP Fiori (45)
  • SAP EWM (Extended Warehouse Management) Interview Questions SAP EWM (Extended Warehouse Management) (58)
  • Sap R/3 Interview Questions Sap R/3 (150)
  • SAP FSCM Financial Supply Chain Management Interview Questions SAP FSCM Financial Supply Chain Management (101)
  • SAP WM (Warehouse Management) Interview Questions SAP WM (Warehouse Management) (31)
  • SAP GRC (Governance Risk and Compliance) Interview Questions SAP GRC (Governance Risk and Compliance) (63)
  • SAP MDM (Master Data Management) Interview Questions SAP MDM (Master Data Management) (0)
  • SAP MRS (Multi Resource Scheduling) Interview Questions SAP MRS (Multi Resource Scheduling) (0)
  • SAP ESS MSS (Employee Manager Self Service) Interview Questions SAP ESS MSS (Employee Manager Self Service) (13)
  • SAP CS (Customer Service) Interview Questions SAP CS (Customer Service) (0)
  • SAP TRM (Treasury and Risk Management) Interview Questions SAP TRM (Treasury and Risk Management) (0)
  • SAP Web Dynpro ABAP Interview Questions SAP Web Dynpro ABAP (198)
  • SAP IBP (Integrated Business Planning) Interview Questions SAP IBP (Integrated Business Planning) (0)
  • SAP OO-ABAP (Object Oriented ABAP) Interview Questions SAP OO-ABAP (Object Oriented ABAP) (70)
  • SAP S/4 HANA Finance (Simple Finance) Interview Questions SAP S/4 HANA Finance (Simple Finance) (142)
  • SAP FS-CD (Collections and Disbursements) Interview Questions SAP FS-CD (Collections and Disbursements) (0)
  • SAP PLM (Product Lifecycle Management) Interview Questions SAP PLM (Product Lifecycle Management) (0)
  • SAP SuccessFactors Interview Questions SAP SuccessFactors (33)
  • SAP Vistex Interview Questions SAP Vistex (0)
  • SAP ISR (IS Retail) Interview Questions SAP ISR (IS Retail) (28)
  • SAP IdM (Identity Management) Interview Questions SAP IdM (Identity Management) (0)
  • SAP IM (Investment Management) Interview Questions SAP IM (Investment Management) (0)
  • SAP UI5 Interview Questions SAP UI5 (59)
  • SAP SCM (Supply Chain Management) Interview Questions SAP SCM (Supply Chain Management) (51)
  • SAP XI (Exchange Infrastructure) Interview Questions SAP XI (Exchange Infrastructure) (49)
  • SAP Cloud Platform Interview Questions SAP Cloud Platform (34)
  • SAP Testing Interview Questions SAP Testing (89)
  • SAP SolMan (Solution Manager) Interview Questions SAP SolMan (Solution Manager) (63)
  • SAP MaxDB Interview Questions SAP MaxDB (116)
  • SAP GUI Interview Questions SAP GUI (15)
  • SAP AllOther Interview Questions SAP AllOther (329)