Optional; found on the Descriptive tab. You may enter up to 50 characters of information. This can be used for selecting subgroups of leases for reports (use Special Options of reports).
You may optionally specify that the asset class should be selected from a list. To do this, use the UDF Choices tab of System Options.
IFRS 16 requires disclosure of depreciation expense and net right-of-use asset by class of underlying asset. The Disclosures Table report uses the Asset Class value for grouping this information.
Financial Group | Special Options