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Object documentationAsset Classes - Setup Window Locate this document in the navigation structure

 

Use this window to create, update and view asset classes.

To open this window, from the SAP Business One Main Menu, choose   Administration   Setup   Financials   Fixed Assets   Asset Classes  .

General Area Fields
Code

Enter a unique code for the asset class.

Description

If required, enter a description of the asset class.

Asset Type

Select one of the following asset types:

  • General – Select this option for regular assets.

  • Low Value Asset – Select this option for low value assets.

Value Limit From

Note Note

The field is available only if you have selected Low Value Asset in the Asset Type field.

End of the note.

Enter the lower limit for low value assets.

Value Limit To

Note Note

The field is available only if you have selected Low Value Asset in the Asset Type field.

End of the note.

Enter the upper limit for low value assets.

Attribute Group

From the dropdown list, select the attribute group that you want to assign to the asset class.

By default, Default Attribute Group is selected. The default attribute group contains the following four predefined attributes:

  • Remark 1

  • Remark 2

  • Amount 1

  • Amount 2

Table Area Fields
Depreciation Area

Specify the depreciation areas for the asset class.

Note Note

You must specify at least one main depreciation area.

End of the note.
Active

Select the checkbox to indicate that the depreciation area is active for the asset class.

The system calculates the asset depreciation in all active depreciation areas.

Note Note

At least one depreciation area must be active.

End of the note.
Account Determination

Specify the account determination for the Posting to G/L type of depreciation areas.

Depreciation Type

Specify the depreciation type in the depreciation area.

Later, when you assign the asset class to an asset, you can still change the depreciation type in the asset master data.

Note Note

For the derived depreciation area, you cannot specify a depreciation type.

End of the note.
Useful Life (Months)

Enter the useful life in months for the assets in this asset class.

Later, when you assign the asset class to an asset, you can still change the useful life in the asset master data.

Note Note

For the derived depreciation area, you cannot specify a useful life.

End of the note.

More Information

Asset Classes