What is net book value progression in SAP SRD-TRL - GLO-Translation?

SAP Term: net book value progression

• Component: SRD-TRL

• Component Name: GLO-Translation

• Description: The net book value lifecyle of the fixed asset.

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• Key Concepts: 
  Net book value progression is a term used in SAP to refer to the process of translating the net book value of an asset from one currency to another. This process is used when an asset is transferred from one country to another, or when the currency of the asset changes due to a change in exchange rates. 
  
  How to use it: 
  Net book value progression is used in SAP when an asset is transferred from one country to another, or when the currency of the asset changes due to a change in exchange rates. The process involves calculating the net book value of the asset in the new currency, and then adjusting it for any differences in exchange rates. This process is handled by the SRD-TRL GLO-Translation component of SAP. 
  
  Tips & Tricks: 
  When using net book value progression, it is important to ensure that all calculations are accurate and up-to-date. This will help ensure that the net book value of the asset is accurately translated into the new currency. 
  
  Related Information: 
  Net book value progression is related to other SAP terms such as depreciation, amortization, and revaluation. It is also related to other accounting terms such as fair value and market value. Understanding these terms can help you better understand how net book value progression works in SAP.