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How many asset classes are there in asset master records?

Answer Posted / aluri_suresh@yahoo.com

we have to create asset classes as per companies act,
i think 6 asset classes are there 1.financial assets
2.asset under construction 3.leased assets 4.low value
assets 5.technical assets etc.. we have to assign every
asset to these asset classes if any error correct my
answer from

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