If we perform deletion for valuation type under storage location level, will it affect valuation type in other storages in SAP?

The Issue

If we perform flagged for deletion for material at valuation type level under storage location level, will it affect valuation type in other storage locations?

The Solution

Although Valuation Type appears to be below Storage location level when performing Flag for deletion in T-code MM06, Valuation Type is actually at Plant level. Therefore, by deleting valuation type in 1 storage location in MM06, it will delete it at Plant level.