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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?
[Enter feedback here]
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?
[Enter feedback here]
STATUS DETAILS
Under Review
Comments
Isn't this possible already?
You can have one Fixed Asset (which you want to depraciate completely in the first year) and post x acquisitions (for each new low cost asset). The low value assets could be reclassified from the original asset to the low value asset for the year and then fully depreciated.
If you use the Main / Component concept you can have different asset, but combine the acquisitons into the main asset, at least for reporting.
Or what else should a new functionality do?
Category: Geographies and Localization
Business Central Team (administrator)
Thank you for your feedback. We are considering adding it to our (longer term) roadmap.