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.

Answer / dolly

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

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