Tangible
Intangible
Financial
Land and buildings
Goodwill
Other
I think Goodwill may be intangible also same as trade mark or copy right and Land and building may be tangible, why they separate and how about detail different?
And what meaning for type "Other" and "Financial" ? Why they are not include in tangible and intangible only?
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Thank you for your answer.
That made me have so clear to this field will not be effected for managing depreciation or calculation.
And, I found more information for description.
Tangible 3 type
1. Land or building = Usually there is no or hardly depreciation, like your idea. => Land or building type
2. Machine, car or other = There is depreciation. => Tangible type
3. Depletion = like mine, oil or somethings can depleted => I can define type may be other.
Intangible 2 type
1. No expired, not amortized = like goodwill, trademark or like that => Goodwill type
2. Have expired and amortized = like copyright, license or concession => may be Financial type or other type
But after read your answer, I think all of this just a concept that user want to define their fixed asset for grouping or reporting like that.
Thank you
Hi Poonzz10,
This is a great question. I don't think I have the perfect answer for your, but will give it a try. You are correct about probably Tangible and Intangible would be sufficient is a certain way. Then probably you don't need this field at all as we can setup our own asset groups in AX.
The field is intended to have a kind of grouping or filter option on reporting. Financial wise there is a difference between Land, buildings and other tangible assets like e.g. machinery. Usually there is no or hardly depreciation on land and buildings. Goodwill differs also from other types as this is a way to "play" with the value of your company and manage profitability. Goodwill is a dangerous asset as this can be very popular in good times, but when there are some losses and you need to write off the goodwill, this will lead to additional losses.
This field is not used for managing depreciation or other calculations. It is only for reporting purposes to have a split or grouping possible when needed.
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