Low Value Asset means Asset which have a little value.
In General, LVA are fully depreciated in the year of purchased or in the period of the acquisition.
This can be achieved (the configuration setting) by using the special depreciation key = GWG and the expected useful life of one month (period) .
GWG is SAP standard Depreciation key. So you do not need to configure anything.
You can use the depreciation key directly in your asset master data.
You also can set the maximum amount for the value asset (this is optional configuration) using :
IMG -> Financial Accounting -> Asset Accounting -> Valuation -> Amount
Specifications (Company Code/Depreciation Area) -> Specify Max. Amount
+for Low-Value Assets + Asset Classes+
Hope you get clear with the LVA now.
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