What is acquisition cost in SAP SRD-FIN-FA - FIN-Fixed Assets?

SAP Term: acquisition cost

• Component: SRD-FIN-FA

• Component Name: FIN-Fixed Assets

• Description: The historical costs of obtaining a fixed asset, whether it is purchased or created.

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• Key Concepts: 
  Acquisition cost is the total cost of acquiring an asset, including all related costs such as taxes, freight, installation, and other costs associated with bringing the asset into use. In SAP SRD-FIN-FA FIN-Fixed Assets, acquisition cost is used to calculate the depreciation of an asset over its useful life. 
  
  How to use it: 
  In SAP SRD-FIN-FA FIN-Fixed Assets, acquisition cost is used to calculate the depreciation of an asset over its useful life. To enter the acquisition cost of an asset, go to the Asset Master Data screen and enter the total cost in the Acquisition Cost field. This will be used to calculate the depreciation of the asset over its useful life. 
  
  Tips & Tricks: 
  When entering the acquisition cost of an asset in SAP SRD-FIN-FA FIN-Fixed Assets, make sure to include all related costs such as taxes, freight, installation, and other costs associated with bringing the asset into use. This will ensure that the correct depreciation amount is calculated for the asset. 
  
  Related Information: 
  For more information on how to use acquisition cost in SAP SRD-FIN-FA FIN-Fixed Assets, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SRD_FIN_FA/latest/en-US.