I need to have a solution for my issue.
We want to manage certain assets which are having minor value and the same needs to be depreciated in the same year.
For this purpose, I am thinking about the Low Value Assets functionality. When I go through the help, I find that :
"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.."
It says we need to have only one single asset master record. My doubt is then how we can represent different assets ? viz. I have one calculator, briefcase, mobile phone, buzzer clock, paper cutter, etc. How can I represent each of these in the Low Value Asset single master record ?