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author's profile photo Former Member
Former Member

ITEM GROUP IN ASSET CLASS (FIXED ASSET)

Hi Experts

What is the effect of picking the item group when creating an asset class? Again, what effect does it have on your chart of accounts when you make fixed asset transactions for an asset in that class for which picked the item group

Thanks

Isaac

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 27, 2011 at 08:37 AM

    Fixed Asset account determinations and depreciatipn areas are linked through the item class /group

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