low vaue asset depreciation key

[Former Member]

Hi,

I have created one low value asset with dep key GWG (standard dep. key). Now when i acquire asset system will deduct the depreciation in that particular period it will not deduct i full year.

Or please advice how to create depreciation key for low value asset.

Thanks in advance.

[Former Member]

Hi when you use GWG the depreciation is done for 100% in the month from the depreciation start. (when the depreciation date is in the past in the first depreciation run)

When you want to do the depreciation split over the year say that the depreciation start date is the first day of the year and that the depreciation is 1 year. You can use the standard LINR.

Other option even better but you have to create a new depreciation key for it

You can copy the KEY GWG or LINR and select in the new one the option smooting. When you click there on help in explain how it is working. In the asset you say 1 month depreciaton but it is split over the rest of the year