Asset class?
The main criterion for classifying fixed assets according to legal and management requirements.
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.
Special asset classes are, for example:
• Assets under construction
• Low-value assets
• Leased assets
• Financial assets
• Technical assets
The main criterion for classifying fixed assets according to legal and management requirements.
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.
Special asset classes are, for example:
• Assets under construction
• Low-value assets
• Leased assets
• Financial assets
• Technical assets
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