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Former Member
Oct 28, 2009 at 11:59 AM

How Depreciation Areas Post to General Ledger

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Dear All,

How many depreciation Areas are required for IFRS settings.

We use to maintain parallel currencies

10 u2013 Company code Currency INR

30 u2013 Group Currency EUR

My client is located in Belgium and India

01 - Book Depreciation it will flows to leading ledger and what are all the remaining depreciation Ares is required.

If 01 updates in IFRS and Leading Ledger as per Indian scenarios is it required to create separate depreciation Ares for Companies Act, and Income tax Act.

Is it required to define Delta Depreciation area for post the deferentially amount to Delta Dep.

What are all the additional depreciation Ares are required for currencies and delta depreciation currency.

Is it Delta depreciation needs to be post any non leading ledger?

Regards,

Bangaru Rama Mohan