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9 lines
459 B
ReStructuredText
9 lines
459 B
ReStructuredText
Low-Value Asset (LVA) are typically asset with low values and was booked as expense on vendor bill.
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In essence, the low value asset is not really and asset but an expense need to tracke as asset.
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As such, it has no residual value, run no depreciation. And when removed, only status is changed (no accounting entry).
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To create low value asset, use the Asset Profile with following setting,
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1. Asset Account = Expense (low value asset)
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2. Number of Years = 0
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