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author's profile photo Former Member
Former Member

Need for Group asset

Hi Experts

Any body guide me about group assets we have Building, Plant and machinery,vehicles,computer,furniture&fittings

I need to configure seperate asset class for each asset or I can maintain same asset class for all assets

please guide me,

Regards,

Vani

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2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jun 10, 2008 at 11:58 AM

    Hi VAni,

    U need to create separate Asset Classes for Buildings, MAchinery , Vehicles etcs.

    In each asset class u can create assets of similar nature.

    regards

    jaya

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 10, 2008 at 12:00 PM

    Hello,

    As a general rule, the system calculates depreciation at the level of individual assets. Certain types of calculation needs or tax requirements (such as in the U.S.A.) make it necessary, however, to calculate depreciation at a higher level. For this purpose, you can group assets in the FI-AA system together into so-called group assets. You can group assets together per depreciation area to form group assets.

    Definition: group asset

    Asset Accounting (FI-AA)

    A combination of a number of assets for the purposes of a common, summarized calculation of depreciation.

    A group asset is represented in the SAP System by a separate master

    record.

    So it is up to your requirement weather you want to go with Group Asset or not.

    But the rate of Depreciation is different for asset classes so it is better not to go with Group Asset.

    Regards

    Ravi

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