Hello Only SAP,
While defining asset class we define one class of assets as Low Value assets which are fully depreciated in the year of purchase or in the period of acquisition. This can be achieved by using the special depreciation key GWG and the expected useful life of 1 month (period). In order to ensure that depreciation is fully posted in the acquisition month during the monthly depreciation posting, activate the catch-up method for the depreciation posting run.
In contrast to fixed assets of greater value, low value assets (LVAs) are completely depreciated in the year in which they are acquired. Therefore, you do not usually need an individual assessment of their values. Since they individually have little value, they are often managed collectively as a single asset master record. In the FI-AA component, you can collectively manage all the LVAs in a certain category (such as belonging to a given cost center) in this way. You activate collective management by entering a unit of quantity in the asset master record.
Hope this helps. please assign points.
Rgds
Manish
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