Which SAP FI component deals with managing fixed asset depreciation?

The component that manages fixed asset depreciation is Asset Accounting. This module within SAP FI is specifically designed for the management and accounting of fixed assets, which includes the processes of asset acquisition, asset depreciation, and asset retirement.

In Asset Accounting, depreciation is calculated according to various methods, such as straight-line or declining balance, based on the asset's type and investment profile. It allows organizations to track the value of their assets over time, ensuring compliance with accounting standards and providing accurate financial reporting.

The other options relate to different financial processes: Accounts Payable focuses on liabilities and managing money owed to suppliers; the General Ledger serves as the primary accounting record for all financial transactions; and Accounts Receivable deals with managing incoming payments and customer debts. Each of these components has its own distinct functions, separate from managing asset depreciation, which is why Asset Accounting is the correct choice.