What is used asset value in SAP (CRM-IFS - Financial Services)?

SAP Term: used asset value

• Component: CRM-IFS

• Component Name: Financial Services

• Description: Value that indicates the level of charge on the collateral object according to the collateral agreement.

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• Key Concepts: 
  Used asset value is a term used in the CRM-IFS Financial Services component of SAP. It is the value of an asset that has been used or owned for a period of time. This value is determined by subtracting the depreciation from the original purchase price of the asset. 
  
  How to use it: 
  In SAP, used asset value can be calculated by entering the original purchase price and depreciation amount into the system. The system will then calculate the used asset value and display it on the screen. This value can then be used for various financial calculations, such as calculating loan payments or determining the value of a company’s assets. 
  
  Tips & Tricks: 
  When calculating used asset value in SAP, it is important to ensure that all relevant information is entered accurately. This includes the original purchase price and depreciation amount, as well as any other relevant information such as taxes or fees associated with the asset. 
  
  Related Information: 
  Used asset value is closely related to other financial terms such as net book value and salvage value. Net book value is the difference between an asset’s original cost and its accumulated depreciation, while salvage value is the estimated amount that an asset can be sold for at the end of its useful life.