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Jan 13, 2010 at 10:17 AM

Asset Classes with reference to IFRS Compliance

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Hi,

We have divided the asset classes into three categories.

For example,

Category 1 - Property Plant & Equipment

Category 2 - Infrastructure

Category 3 - Bridges 120 Years

- Highways 120 Years

- 40 Years DLG etc.

Now we have decided to Category 2 as asset classes.

However, the assets needs to be depreciated on Category 3 based their useful life.

How can this be mapped. Do I have to create category 3 items also as Asset Classes.

Any valuable replies will be highly appreciated.

Regards,

Ravi