BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The chart of depreciation substitutes the operational chart of accounts in asset-related postings.
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The chart of depreciation facilitates country specific legal valuation of fixed assets
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The chart of depreciation defines the asset classes for which you can create fixed assets.
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The chart of depreciation substitutes the operational chart of accounts in asset-related postings
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Detailed explanation-1: -Charts of depreciation are used to manage various legal requirements for the depreciation and valuation of assets. These charts of depreciation are usually country-specific and are defined independently of the other organizational units. You can use one chart of depreciation for all company codes in a country.
Detailed explanation-2: -You use depreciation areas to calculate different values in parallel for each fixed asset for different purposes. For example, you may require different types of values for the balance sheet than for cost accounting or tax purposes.
Detailed explanation-3: -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-4: -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-5: -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.