The Asset Value Date is used to determine the depreciation start date.
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The asset value date is defined during the posting process. It is used to determine the date on which a transaction is recorded for asset accounting purposes.
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This date is crucial for determining both the capitalization date and the ordinary depreciation start date for asset acquisitions. Additionally, it is used to establish the retirement date for asset sales or scrapping.
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arcturus2025
2 weeks, 6 days ago