BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Asset class
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Company code
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Chart of accounts
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Client
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Detailed explanation-1: -Chart of Depreciation defines the various depreciation areas and valuation methods for assets. In SAP, they are defined for each country at client level and can be modified to suit the requirements.
Detailed explanation-2: -What is the purpose of the chart of depreciation? The chart of depreciation defines the asset classes for which you can create fixed assets. The chart of depreciation is a reporting tool that structures your assets for hierarchical reporting.
Detailed explanation-3: -Which statements best describe a chart of depreciation? A chart of depreciation contains multiple depreciation areas with a provision for addition and deletion of depreciation areas. A chart of depreciation is a country-specific object that is delivered with SAP S/4HANA.
Detailed explanation-4: -A depreciation area is always assigned to only one chart of depreciation.