What is insurable value as new in SAP FI-AA - Asset Accounting?

SAP Term: insurable value as new

• Component: FI-AA

• Component Name: Asset Accounting

• Description: The current insurable value of an asset for value as new insurance.

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• Key Concepts: 
  Insurable value as new is a term used in SAP's FI-AA Asset Accounting component. It is the value of an asset that is used to calculate the insurance premium for the asset. This value is determined by taking into account the current market value of the asset, its age, and its condition. 
  
  How to use it: 
  Insurable value as new can be used to calculate the insurance premium for an asset. To do this, the user must enter the current market value of the asset, its age, and its condition into SAP's FI-AA Asset Accounting component. The system will then calculate the insurable value as new and use it to determine the insurance premium for the asset. 
  
  Tips & Tricks: 
  When entering data into SAP's FI-AA Asset Accounting component, it is important to ensure that all information is accurate and up-to-date. This will ensure that the system calculates an accurate insurable value as new and provides an accurate insurance premium for the asset. 
  
  Related Information: 
  Insurable value as new is related to other terms used in SAP's FI-AA Asset Accounting component such as depreciation, salvage value, and book value. It is important to understand how these terms are related in order to accurately calculate an insurable value as new and determine an appropriate insurance premium for an asset.