Asset Master Record

An asset is an object, a right or an item intended for long-term use which belongs to a company code.

General master data contains the most important general information about the asset:

• Asset class.
• Description.
• Time dependent assignment to a CO object: Cost center (mandatory), internal order.
• Posting information, such as the activation date.
• Physical inventory data, such as last inventory date.
• Origin, such as “vendor”.

Additional asset assignments could be to:

• Business Area.
• Segment.
• WBS element.

The asset valuation data contains information such as the depreciation keys, useful life in years, depreciation start date (capitalization), or scrap value.

Created: When Master data has been created, but capitalization has not occurred yet .

Capitalized: When capitalization occurs (start of depreciation).

Create assets using an asset class.

Create assets using a reference:

AS01/AS02/AS03 – Asset Master Data