India fixed assets overview

Fixed assets are items of value, such as buildings, vehicles, land, and equipment, which are owned by an individual or corporation. Using fixed assets for India, you can set up and enter acquisition information for fixed asset records, and then manage fixed assets by depreciating them and setting a capitalization threshold to determine depreciation. You can also calculate adjustments to fixed assets, and dispose of them.

The topics in this section provide information about fixed assets for India.

• Set up parameters to calculate depreciation
• Set up asset group depreciation for depreciation books
• Create an inventory model group for capital items
• Define shift and industry types for books
• Create and post depreciation for a fixed asset group by using depreciation books
• Shift depreciation calculation for Indian fixed assets
  • Define shift depreciation rates
• Reversing fixed asset transactions
• Transfer of capital items to the fixed asset
• Attach a day-based calendar to a fixed asset book