Learn about purchases of fixed assets, including stepbystep processes for validating tax detials and financial entries. The way to handle a fixed asset purchase is to first create the asset as per the Guide at Manager Cloud.This has no effect on financials. It includes the purchase price or construction costs and also additional charges to place a fixed asset in its intended location and condition for use (i.e. The depreciation rates used for each class of asset are: Class of Fixed Asset.