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FIKR_V_ASSET_CAT - Assign Depreciation Assets Categories

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South Korea: Assign the categories for different asset classes.

You can assign the categories for different asset classes so that you can submit the VAT file of Acquisition Statement of Depreciation Assets to the Tax Authority every month by category. Depreciation assets are divided into four categories: Buildings and Structures, Machinery, Vehicles, and Others. Note that the category Others is optional. If you do not maintain asset classes for it, the asset classes that do not have a category assigned will belong to it.

To assign an asset category, proceed as follows:

1. Click New Entries, select an asset category in the Asset Cat. column, and enter asset classes in the From Asset Class and To Asset Class columns.
2. Save your entries.

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