What is asset class?

Answer Posted / veerabrahmam

Asset class main criterion classifying fixed assets
according to legal requiremnt and management requirement.

For each asset class, control parameters and default values
can be defined for depreciation calculation and other
master data.

Each asset master record must be assigned to one asset
class.

Is This Answer Correct ?    5 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Name the submodules within fi, from which fi-gl gets simultaneous : fi- general ledger

586


Will a customer get support when recompiling the linux kernel or using 3rd-party software that modifies it?

560


What do you mean by organizational units in sap?

600


What is iban number in sap ?

660


How many retained earnings accont can be defined?

617






What is the number of configured currencies per company code?

549


How do you perform period closing in sap? : fi- general ledger accounting

618


Explain how carry-forward happens in sap?

677


What happens when the revaluation is done in actual costing run for the previous period?

593


Explain the use of financial general ledger accounting (fi-gl)?

541


What is the advantage of configuring both the type of profitability analysis together?

572


Can you tell me Product costing to CO-PA integration step by step ? Technical things ?

1602


How capital wip (work in process) and assets accounted for in sap?

733


What is document type, and what does it control? Give an example.

640


What is asset accounting (fi-aa)? : fi- asset accounting

601