The system has prompted Kevin to select a cost center. But why does he need to assign a cost center to the asset? He takes a look at the notes that Lisette prepared for him to go through:
Note
The cost center assignment in the asset master record is used to determine the cost center affected when the following types of asset postings are made:- Fixed asset depreciation
- Gain or loss from asset sales
Being relatively new to his job, Kevin is still worried about making a mistake that can’t be fixed. So, he seeks out for Lisette to get some answers on the topic of asset master data changes.
Take your time to go through some further notes that Lisette has prepared for Kevin, before moving on to the next section.
Note
At any point in time, an asset is assigned to a single cost center. This assignment is time-depended, and the cost center to which an asset is assigned may change over the course of an asset's life.An asset's master record may, therefore, contain more than one cost center. However, only one assignment is possible per time interval.
For this reason, it's better to create a new time interval than to overwrite the cost center in the master record.
Benefits of creating a new interval are:
- The change can be traced.
- The correct assignment for a given point in time is displayed.
- The different assignments are stored historically.
Changing Time-Dependent Asset Master Data
Kevin feels well prepared and is set to start with the relevant asset master data changes. Let's follow along Kevin, while he creates, changes and deletes time-dependent asset master data.