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You can add different types of assets depending on the type of depreciation calculation.

If you are calculating depreciation for...Asset types
Accounting & Taxation
  • General asset
  • (Australia) Low-value pool asset
  • (Australia ) Small business pool asset
Taxation only
Accounting only
  • General asset
  • Immediate deduction asset
To add an asset
  1. Click Add asset in the top-right corner.
  2. Add a prefix and number to give your asset a code.
  3. The next time you add an asset to the same asset class, the code will be auto-generated (you're welcome!).
  4. Click + Add more details to see other optional fields (location, serial number, insurer, premium due date, premium amount, and insured value).

See the glossary of terms for an asset.