Question

Identify some of the fields NOT related to the depreciation area in the asset master record.

a) Useful life
b) Acquisition date
c) Asset location
d) Depreciation key

Answer 1

The field 'asset location' is not related to the depreciation area in an asset master record, as it pertains to the physical location of the asset rather than its depreciation calculation.

Step-by-step explanation:

In asset accounting, the fields related to the depreciation area in an asset master record are specifically designed to capture information for calculating depreciation. Among the options provided:

• Useful life is related to depreciation as it influences the depreciation calculation over the asset's lifespan.
• Acquisition date is also related because it determines the starting point of depreciation.
• Depreciation key is directly related as it defines the method and rate of depreciation.
• Asset location is not typically related to the depreciation area since it is more related to tracking the physical location of the asset for inventory and management purposes, not for calculating depreciation.

Therefore, asset location is the field not related to the depreciation area in the asset master record.