Configure Low Value Asset Class

Hi,

I have to configure a new asset class for Low Value Assets with a value of 150-1000 EUR one asset item. LVA acquisitions are recorded under collective item- a summarization of low value asssets in 2008. The depreciation of these items is once a year at 31/12 over 5 years. Depreciation Method : Straight line method.

Can anyone please tell me the steps involved to configure the above mentioned Low Value Asset Class.

Quick response will be appreciated.

Thanks & Regards