Hello,

I'm looking at automating our asset management but can't see how I can depreciate a pool of assets, rather than individual assets.

Under Australian Tax laws for small (sub $10M/annum) businesses, depreciation is either an instant write-off (for assets up to $20K), or depreciated in a pool for other assets.

The instant write-off is straight forward (depreciate over 0 years), but for other assets, the rules are...

• Depreciate 15% in the first year
• Add the residual to an asset pool, the value of which is depreciated at 30%/annum ongoing.
• Depreciate the balance of the pool when its residual value is at or below the instant write-off threshold ($20K)

We can do this manually, but hope that there is a way we can automate some or all of this with the Asset Module.

For reference...
https://www.ato.gov.au/businesses-and-organisations/income-deductions-and-concessions/depreciation-and-capital-expenses-and-allowances/simpler-depreciation-for-small-business#ato-Simplifieddepreciationrules

Many Thanks

Steve