Your country law and policy may have pre-defined fixed asset classes, so you have to enter these classes in iXERP Fixed Assets Classes or you may create your own classes.
iXERP allows you to create classes tree, so Parent class: is the upper class for the entered class, Add an alphanumeric parent class (Maximum 3 characters)
Fixed asset class: is the class code, Add an alphanumeric fixed asset class (Maximum 3 characters)
Description: Fixed asset class description
Long description: Add some further notes for future reference is any
Basic Depreciation Rate: Add depreciation rate here e.g. 20%