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> Value modelsto open the Value modelsform.

  2. In the Value modelfield, select the value model for low-cost assets.

  3. Click the Generaltab, and then select the Low-cost assetcheck box.

  4. Press CTRL+S or close the form.

See Also