True or False Questions

 The plant maintenance component is used for the technical management of asset and the treasury component is used ot manage finincial assets.

One of the main tasks of asset accounting is to represent the asset portfolio in the detailed form of an asset history sheet.

We can use schedule manager in FI-AA to define, schedule,process and control periodically recurring processes.

If there is no gain or loss on the asset retirement, the sales revenue equals to the net book value of the asset.

We must settle all line items at once, and you do not have to distribute100 percent of each line item for AUC using line item settlement.

Asset sales posting can be posted to any revenue account, provided the account fields status is set correctly.

AUC have depreciation key, which denotes that depreciation will not be calculated

User can define and use their own transaction types for Assets accounting in  a SAP R/3 system