What is acquisition year in SAP FI-AA - Asset Accounting?

SAP Term: acquisition year

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The fiscal year in which the asset acquisition took place.

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• Key Concepts: 
  Acquisition year is a term used in SAP FI-AA Asset Accounting. It is the year in which an asset was acquired or purchased. This is important for tracking the depreciation of the asset over time. 
  
  How to use it: 
  When creating an asset in SAP FI-AA, the acquisition year must be entered. This will be used to calculate the depreciation of the asset over time. The acquisition year can also be used to track the age of an asset and determine when it should be replaced or upgraded. 
  
  Tips & Tricks: 
  When entering the acquisition year, make sure to double check that it is correct. This will ensure that the depreciation of the asset is calculated correctly. 
  
  Related Information: 
  The acquisition year is related to other terms such as useful life and salvage value. Useful life is the estimated amount of time that an asset will be used before it needs to be replaced or upgraded. Salvage value is the estimated value of an asset at the end of its useful life.