Dear All
We have a requirement of parallel valuation in Asset Accounting. We have two Accounting Principle US GAAP and IFRS. In IFRS we have componentization i.e one asset can be split into many. We have create 2 new depreciation area 30 and 60 for Parallel valuation. 30 is for post depreication and 60 is to Post APC value Indicator 6. Now please advise how to handle the below scenario:
Asset Acquisition Value 1MUSD for US GAAP we have to create only one asset but in IFRS there will be two asset 1 is of 200K and the other is 800K. Initially we create one asset and post the same value in both. Now how later on we split this value for IFRS into two assets
Thanks and Best Regards