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Use this form to transfer a group of assets to a low value pool. You can transfer assets only when the following conditions are met:

  • The net book value for the asset is less than the low value cost in the form.

  • The net book value for the asset is greater than zero.

  • The asset status is Open.

Note Note

(AUS) This form is available only if the configuration key for Australia is selected.

Tasks that use this form

Navigating the form

The following tables provide descriptions for the controls in this form.

Buttons

Button

Description

Move the selected asset to the low value pool journal.

Fields

Field

Description

( )

Select the low value pool fixed asset number to transfer the low value asset to.

( )

Select the low value pool value model that uses low value pool depreciation to transfer the low value asset to.

Displays 100%, so that the entire net book value of the low cost asset will be transferred to the selected asset and value model.

Select the transaction pool type. You can select from , , or . For more information, see (AUS) Low value pool depreciation.

Select the name of the journal that the transfer transaction is posted to.

Enter or select the date when the asset transfer will occur.

Select the posting layer to display only value models in the selected layer.

( )

Select the value model to display only assets in the selected value model.

Select this check box to transfer the asset to the low value pool.

The fixed asset number that can be transferred to the selected asset and value model.

The fixed asset name.

The fixed asset value model.

Displays a check mark if the asset can be depreciated.

The posting layer value for the asset.

The depreciation profile value for the asset.

The alternative depreciation profile for the asset.

The date that the asset will begin depreciating.

The date that depreciation was last processed

The service life of the asset, in years.

The number of depreciation periods for the fixed asset.

The number of depreciation periods remaining for the asset.

Displays a check mark if the value model is used as a derogatory tax model.

The derogatory calculation, if the value model is used as a derogatory tax model.

See Also