What is amount type in SAP FI-AA - Asset Accounting?

SAP Term: amount type

• Component: FI-AA

• Component Name: Asset Accounting

• Description: Specifies which type of threshold value it is for fixed assets. Examples: maximum amount for low-value assets, threshold value for the capitalization of fixed assets

Smart SAP Assistant

• Key Concepts: 
  Amount type is a feature in SAP FI-AA Asset Accounting that allows users to define different types of amounts for an asset. This includes the original cost of the asset, the current value, and any other amounts associated with the asset. Amount types are used to track the different values of an asset over time. 
  
  How to use it: 
  In order to use amount type, users must first define the different types of amounts they want to track. This can be done in the Customizing menu under Asset Accounting > Valuation > Define Amount Types. Once the amount types have been defined, they can be assigned to an asset in the Asset Master Data screen. 
  
  Tips & Tricks: 
  When defining amount types, it is important to consider how they will be used in reporting and analysis. For example, if you want to track depreciation over time, you should create an amount type specifically for that purpose. 
  
  Related Information: 
  For more information on amount type and other features of SAP FI-AA Asset Accounting, please refer to the official SAP documentation.