Fixed Assets Question:

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Explain about customization of Depreciation areas?

Fixed Assets Interview Question
Fixed Assets Interview Question

Answer:

Following are the steps:

1.First activate the Dep areas(book & tax) in asset class.
2.Assigng Dep key to Dep Areas either at Asset class level or Asset master data level.
3.Assign Screen layout to dep areas.
4.Determine how Dep Areas post to general ledger.
5.Assign G/L accounts.
6.Define posting rules and document type for Depriciation

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Explain the nature and accounting treatment for fixed asset?What is asset book and what are the mandatory setups for this & what are the validation types in Fixed assets?