What is depreciation period in SAP FI-AA - Asset Accounting?

SAP Term: depreciation period

• Component: FI-AA

• Component Name: Asset Accounting

• Description: A period in the total useful life of the asset, for which individual depreciation amounts are calculated. Depreciation periods can be based on the posting periods in Financial Accounting. You can choose to allow depreciation calculation with half periods for certain company codes in the SAP System.

Smart SAP Assistant

• Key Concepts: 
  Depreciation period is a term used in SAP FI-AA Asset Accounting. It is the length of time over which an asset is depreciated. The depreciation period is determined by the useful life of the asset and can be set up in the system. 
  
  How to use it: 
  In SAP FI-AA Asset Accounting, the depreciation period can be set up in the system. This can be done by going to the Asset Master Data screen and selecting the “Depreciation” tab. Here, you can enter the useful life of the asset and the system will calculate the depreciation period accordingly. 
  
  Tips & Tricks: 
  It is important to remember that the depreciation period should be set up in accordance with local tax regulations. This will ensure that all assets are depreciated correctly and that taxes are paid on time. 
  
  Related Information: 
  For more information on setting up depreciation periods in SAP FI-AA Asset Accounting, please refer to SAP Help documentation or contact your local SAP support team.