Latest Answer: There are current assets and fixed assets and both of them are part of the left side of Balace sheet(active). ...
Example, building an expansion of building , but need to rental an equipment to complete this project.
Latest Answer: Yes, as it will be added to the cost of the project ...
I am trying to retire fixed assets that have fully depreciated. Can I retire it by scrapping
Latest Answer: Yes, by scrapping the same Asset. ...
Latest Answer: Book depriciation is that which we follow the method or book the depriciation. And derived depriciation is that which is already held the method or derived the rate of method of depriciation. ...
Depreciation is the decrease in the value of an asset due to wear & tear, obsolscense, laps of time.
Latest Answer: Depreciation is a Gradual Diminishing or Decrease in the value of fixed assets due wear & tear, Obsolence. ...
Latest Answer: Asset Accounting component in SAP is meant for managing and supervising fixed assets and their values. ...
Latest 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 ...
Latest Answer: the total amount of depreciation accumulated over the years from the date the asset was put to use to till date ...
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