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Grouping

I have a requirement.

I am amidst the Asset Accounting configuration. I am unaware about the requirement of Group Asset. The Depreciation area required to maintain are book depreciation & tax depreciation.

I have 6 asset classes. for example under one asset class 'furniture & Fixtures', I have sub-groups a) Furniture; & b) Electrical fittings.

How should I proceed with the Group Asset settings ?

How can I represent the Main Asset class : Furniture & Fixtures

How can I represent the sub-groupings : (a) Furniture (b) Electrical fittings

Also advise about the G/L accounts required for the Group Assets ? Is there any problem if I use same G/L number each for Acquisiton, sale, accumulated depreciation & ordinary depreciation for all the different classes of Group Asset ?

Regards

Former Member
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