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What is the effect of setting asset "Category Type" and "Ownership" as 'leased?

in Assets 3 comments

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Hi All,

When setting up asset categories, what is the effect when we setup asset Category and owned type as leased? Is there any financial effect related to transactions like revaluation, adjustments and impairments if for example the asset "Category Type= Leased"?

Thanks in Advance.

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