The fixed assets master data records have essential information that directly affects the asset transactions. The following section will cover 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, depreciation profile, value model, and the asset group that represents the logical grouping of assets. The fixed asset record is the lowest level that represents the asset itself.
The depreciation profiles in Microsoft Dynamics AX 2012 R3 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 access the...