What is asset class in SAP RE - Real Estate Management?

SAP Term: asset class

• Component: RE

• Component Name: Real Estate Management

• Description: The main criterion for classifying fixed assets according to legal and management requirements. For each asset class, control parameters and default values can be defined for depreciation calculation and other master data. Each asset master record must be assigned to one asset class. Special asset classes are, for example: Assets under construction Low-value assets Leased assets Financial assets Technical assets

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• Key Concepts: 
  Asset class is a term used in SAP Real Estate Management (RE) to refer to a group of assets that have similar characteristics. Asset classes are used to categorize assets and provide a way to group them for reporting and analysis. 
  
  How to use it: 
  In SAP RE, asset classes are used to classify assets and provide a way to group them for reporting and analysis. Asset classes can be created by the user or imported from external sources. Once an asset class is created, it can be assigned to individual assets. This allows users to quickly identify and analyze assets based on their asset class. 
  
  Tips & Tricks: 
  When creating an asset class, it is important to consider the characteristics of the assets that will be assigned to it. This will help ensure that the asset class is accurately reflecting the assets that are being grouped together. Additionally, it is important to consider how the asset class will be used in reporting and analysis when creating it. 
  
  Related Information: 
  For more information on asset classes in SAP RE, please refer to the SAP Help Portal or contact your local SAP representative.