Fixed assets master data records have essential information that directly affects asset transactions. The following section covers the basic information that should be considered when creating a new fixed asset record. The following diagram shows the basic characteristics of fixed assets. There are more generic and higher levels of assets master data, including the depreciation profile, book, and the asset group that represents the logical grouping of assets.
The fixed asset record is the lowest level, which represents the asset itself:
Depreciation profiles in Microsoft Dynamics 365 for Finance and Operations represent the rules that manage the depreciation principles that will be applied on the fixed assets, for example, the straight line depreciation method or the reducing balance depreciation method. The depreciation profile rules contain the depreciation method, depreciation year, and period frequency. In order to...