What is asset class? What are depreciation areas?
Answer Posted / nazeer ahammed
Asset class:classfying fixed assets in arganisation as per
particular country legal requirements.
ex: land,buildings,plant,machinery,furniture and
fixtures,vehicles,capital workin progress etc.,
for example take building as one asset class:
house hold building
commersial building
factory building
agriculture building
etc.,
Depreciation Areas:
Depreciation areas are used to calculate depreciation for
different reporting purposes.
ex:
Book depreciation(as per company Act 1956)
special Tax depreciation(as per income tax act 1961)
group depreciation
cost depreciation
management depreciaion
etc.,
Is This Answer Correct ? | 48 Yes | 2 No |
Post New Answer View All Answers
What is known as the translation factor?
What exactly posting key is in fico and what is its significance?
What is the trading partner concept? : fi- accounts receivable
What is done by gr/ir regrouping program?
Q.what type of issues you are getting and tell me some issues in asset acctng,fi-mm,co?
explain 2 business scenarios which do you feel have considerable significance and what kind of solutions did you offer while working on the projects?
How we do the Testing? Normally how many types of testing process we use in SAP?
How do you perform annual closing in sap? : fi- general ledger accounting
What do you mean fixed characteristic fields? : co-pa
open item mgt a/c are all the balance sheet a/c but all balance sheet a/c are not are all openitem mgt plz explain? plz send the mail id rddy786@gmail.com
I want to learn SAP-FSCM, for past 6 months iam searching for best trainer or tutor in Hyderabad. who can teach SAP-FSCM (Treasury & Risk management) My Request to all any one who known about best faculty. Please share. Thanks.
What is collective processing of gl accounts? : fi- general ledger
how to send dunning ntife by email to customer?
What is the meaning of ADHOC P.O's Do we create Adhoc P.O's to our regular Vendors.What are the Tax aspects in this Issue.
if any body help me is there any support questions and answers