Which of the following is a characteristic of depreciation keys in SAP?

The characteristic of depreciation keys in SAP that is recognized as correct is that they determine the method for planned depreciation calculation. Depreciation keys are essential in the asset accounting module of SAP; they specify how an asset's depreciation will be calculated over its useful life. This includes defining the specific method to be applied, such as straight-line, declining balance, or other methods accounted for in terms of timing and rates.

By using different depreciation keys, companies can manage various asset classes effectively, reflecting the specific financial realities associated with those assets. This flexibility allows organizations to comply with accounting standards and align depreciation practices with their financial strategies.

The other choices, while they may have some relevance to asset accounting, do not accurately describe the primary function of depreciation keys. For instance, the first choice about defining an asset's lifecycle pertains to the broader asset management process rather than the specific role of depreciation keys. The third choice implies a level of customization that can be misleading as depreciation keys are standardized rather than user-specific. Lastly, the fourth choice is incorrect because depreciation keys apply not only to tangible non-current assets but can also pertain to intangible assets, thereby making the statement inaccurate in the context of the broader application of depreciation keys within SAP.