Two Costing Methods under the same Cost Book & Cost Org

Summary:

Is it possible to have two Costing Profiles with two different Costing Methods, one for Assets and one for Expenses, under the same Cost Org & Cost Book?

Content (required):

There is a customer requirement that under the same Cost Book and Cost Org there will be one Asset profile for Standard Costing and the Expense costing profile will be for Actual Costing.

Is it something that system will allow? Because from a setup perceptive I did not see any issues or error messages.

Version (include the version you are using, if applicable):

Code Snippet (add any code snippets that support your topic, if applicable):