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Depreciation is a method of allocating the cost of a fixed asset over its useful life.Depreciation is a method of allocating the cost of a fixed asset over its useful life.Every asset has some value. When you acquire an asset, you incur a certain expense, which for many assets could be quite significant. But you’re not allowed to immediately expense that cost in your financial statements.
The fiscal year variant defines the fiscal periods and calendar assignments used to post documents in financial accounting.
An origin group identifies materials separately assigned to the same cost element, allowing them to be assigned to separate cost components. The origin group can also determine the calculation base for overhead in costing sheets.
To post a revaluation run, you enter Transaction AR29N.
In asset accounting in SAP S/4HANA, you perform technical steps to execute year end closing once a fiscal year is completed. People familiar with older SAP ERP releases will be accustomed to performing two steps in this year-end closing process.
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John Jordan is a seasoned SAP consultant with 20+ years of experience in SAP S/4HANA Controlling. As Lead SAP S/4HANA Controlling Consultant at ERP Corp, he specializes in seamless transitions to SAP S/4HANA, focusing on Product Costing, Material Ledger, and Margin Analysis.
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