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In Australia there is something called Low Value pool. Where You can calculate the depreciation of certain low-cost and low-value assets by allocating them to a low-value pool and depreciating them at a set annual rate.

See here https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/General-depreciation-rules---capital-allowances/Low-value-assets-(pool)/

This is a popular requirement for Australian market.

Can this specific functionality be made available in Australian tenancy?
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STATUS DETAILS
Under Review
Ideas Administrator

Thank you for your feedback. We are considering adding it to our (longer term) roadmap.



Your help is greatly appreciated,

Aleksandar Totovic
PM, Microsoft