Account Determination for Accumulated Depreciation 

Use

The law requires you to post accumulated depreciation to different accounts, depending on the asset class (for example, buildings or machinery). Accumulated depreciation accounts for fixed assets come under the synthetic account 257; those for intangible assets come under the account 267.

Activities

Customizing

In the system, the different kinds of asset are represented using asset classes, so create an asset class and account determination key for each, as described in Asset Class.

Enter the accumulated depreciation accounts in Customizing for Financial Accounting (FI), by choosing Asset Accounting ® Depreciation ® Ordinary Depreciation ® Assign Accounts.