Translation of "low-value asset" into Icelandic

verðlítil eign is the translation of "low-value asset" into Icelandic.

low-value asset

In Australia, a depreciating asset that is not a low-cost asset but which has an opening net book value less than $1,000 (as of July 1 in the year that it is allocated to the pool), and for which the organization has previously worked out any deduction using the reducing balance depreciation method.

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English-Icelandic dictionary

  • verðlítil eign

    In Australia, a depreciating asset that is not a low-cost asset but which has an opening net book value less than $1,000 (as of July 1 in the year that it is allocated to the pool), and for which the organization has previously worked out any deduction using the reducing balance depreciation method.

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