Hi Kishore,
I guess there is no standard solution for this other than(manual) what is mentioned by Sethuraman..
However, you may consider this workaround..
1. Define a separate Asset class for these Assets where you want the asset to be depreciated in the first year itself and default 1 year as Useful life of the asset
2. In OACS - Master data Substitution (Asset Accounting), write an exit to chnage the useful life based on first acquisition made in that asset.
3. Create Worklist of Asset for this Asset class
3. Execute transaction AR31 for mass change in the Asset master data. Ensure you execute this or schedule this to be executed before executing AFAB at the month end.
Hope this helps..
Best Regards,
Kavita