I need to understand the process for asset migration where in multiple capitalization is done on asset in legacy.
e.g. - Heavy machinary is an asset in the legacy which is capitalized on 01-Jul-2008. Depreciation for 2008 is posted.
In 2009, some major expenses are carried out in the machin & the same is capitalized again.
In 2010, again some amount is loaded on the assets.
My project is going live during 2011. In case of regular asset, APC + ACC dep will be uploaded.
Kindly let me know the process to migrate the assets given in the example above.
Thanks & regards,