What is 'first acquisition date' in SAP SRD-BC-TLS-DTM - CRO-Data Migration?

first acquisition date - Overview

• Component: SRD-BC-TLS-DTM

• Component Name: CRO-Data Migration

• Description: The date on which the fixed asset was first acquired.

first acquisition date - Details

• 
  Key Concepts: 
  The First Acquisition Date (FAD) is a field in the SAP system that stores the date of the first acquisition of an asset. It is used to track the age of an asset and is part of the Component SRD-BC-TLS-DTM CRO-Data Migration. 
  
  How to use it: 
  The First Acquisition Date field can be found in the Asset Master Data view in the SAP system. It is used to store the date when an asset was first acquired. This information can be used to track the age of an asset and to calculate depreciation. 
  
  Tips & Tricks: 
  When entering a new asset into the system, make sure to enter the correct First Acquisition Date. This will ensure that depreciation calculations are accurate and up-to-date. 
  
  Related Information: 
  The First Acquisition Date is related to other fields in the Asset Master Data view, such as Acquisition Value, Acquisition Cost, and Depreciation Start Date. All of these fields are used to calculate depreciation for an asset.