Move class-parameters from individual fixed assets to asset classes

[ehuelsmann]

Move these class properties to the class:

• Usable life
• Asset account
• Depreciation account
• Expense account

Note that Asset account and Depreciation account already are on the class definition (but it's unclear which ones are being used). 'Expense account` hasn't been defined on the asset class though (but should).

[aungzwin10]

I agree, it will be better when Expense Account define in class. But for Usable Life, each asset will have different Usable Life although they have same Class. Let's say, Office Equipment like furniture, table, chair but each table and chair may have different usable life.

[ehuelsmann]

I agree, it will be better when Expense Account define in class. But for Usable Life, each asset will have different Usable Life although they have same Class. Let's say, Office Equipment like furniture, table, chair but each table and chair may have different usable life.

Can you explain why each chair has a different useable life? Here, all laptops have a standard (economic) useable life. Same for desks and chairs. The fact that they are of different quality is not a criterion here ("here" as in "where I live"; not referring to the issue itself).

[aungzwin10]

We misunderstood something. What I understand about the Asset Class is: we register class as more generic. E.g. In the Asset Class Office Equipment, there are multiple assets including chair, table, other furniture. You may register asset class as Chair, Table, Laptop. right?

[ehuelsmann]

Yes, you can have classes for chairs, tables and laptops separated. It is indeed how i would set it up. Multiple classes (chairs, tables and laptops) can be linked to the Office Equipment asset account. That way, the sum of the classes equals the account balance.