Hungarian tax law requires that companies immediately depreciate low-cost assets. You can create a value model for a low-cost asset during the acquisition. When you create an acquisition transaction for a low-cost asset value model, depreciation is generated automatically.

  1. Click General ledger> Setup> Fixed assets> Posting profilesto open the Fixed asset posting profilesform.

  2. Click the Ledger accountstab.

  3. In the Ledger accountsfield, select Acquisition.

  4. Press CTRL+N to create a new line.

  5. In the Value modelfield, select the value model for the asset.

  6. In the Groupingsand Account numberfield, enter the groupings and account number.

  7. In the Ledger accountfield, select the ledger account used for gross book value.

  8. In the Offset accountfield, select the ledger account used for fixed asset acquisition.

  9. Press CTRL+S or close the form.