How do we calculate the depreciation allowance of low-value assets?
A low value asset is an asset for which the acquisition and production costs, less any included sales tax, do not exceed a legally pre-defined amount. As the national (tax) legislation defines the limit for low value assets, the project partner who owns the equipment item has to apply its national legislation. If low-value assets can be completely written off within the period in which they are acquired, the whole costs are eligible during the respective reporting period of the project.
