Which of the following statements regarding a fixed asset's depreciation is correct? (Select two correct answers)

The choice indicating that you must execute a periodic depreciation posting run to transfer all depreciation to the asset master record is indeed correct. In SAP systems, depreciation is tracked on a continuous basis; however, to officially record and reflect the calculated depreciation in the asset master record, a periodic posting run is necessary. This process ensures that all accumulated and calculated depreciation figures are posted to the relevant accounts in the financial ledger, updating the asset values accordingly.

Furthermore, the statement regarding depreciation keys being used in the system for the calculation of planned depreciation is also accurate. Depreciation keys define how and at what rate an asset's cost is depreciated over time. They are essential for reflecting different depreciation methods (such as straight-line, declining balance, etc.) and allow for customization based on specific business requirements or accounting policies. This means that planned depreciation is calculated in accordance with the parameters set up in the depreciation key, ensuring accurate tracking and reporting of asset values.

Both of these aspects illustrate how fixed asset management in SAP is structured to maintain precise financial records and facilitate compliance with accounting standards.