What is tangible asset in SAP FI-AA - Asset Accounting?

SAP Term: tangible asset

• Component: FI-AA

• Component Name: Asset Accounting

• Description: A tangible component of the asset portfolio for example, machines, land, or buildings.

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• Key Concepts: 
  A tangible asset is an asset that has a physical form and can be seen, touched, or felt. In SAP FI-AA Asset Accounting, tangible assets are assets that have a physical form and are used in the production or supply of goods and services. Examples of tangible assets include buildings, machinery, equipment, furniture, vehicles, and land. 
  
  How to use it: 
  In SAP FI-AA Asset Accounting, tangible assets are recorded in the asset master record. This record contains information about the asset such as its description, acquisition date, acquisition cost, depreciation method, and useful life. The asset master record also contains information about the asset’s current value and any related transactions. 
  
  Tips & Tricks: 
  When recording a tangible asset in SAP FI-AA Asset Accounting, it is important to ensure that all relevant information is included in the asset master record. This will help ensure that the asset is properly accounted for and that any related transactions are accurately recorded. 
  
  Related Information: 
  For more information on SAP FI-AA Asset Accounting and how to record tangible assets, please refer to the SAP Help Portal or contact your local SAP support team.