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Asset Cost in Tax Book that is attached to a secondary ledger which is in a different currency

in Assets 1 comment

Summary: Asset Cost in Tax Book that is attached to a secondary ledger which is in a different currency than the Primary Ledger is loaded incorrectly/


Content (please ensure you mask any confidential information): We have a Corporate Book that is attached to the Primary Ledger which is in MXN Currency. We also have a tax book that is attached to the secondary ledger which is in USD Currency. For Conversion purpose, we are loading the asset cost directly in tax book. In this scenario, we have 2 questions.

1) Our assumption is that we can load the cost directly in USD as the tax book is tagged to Secondary Ledger which is in USD. But on loading, we notice that the cost that was provided in FBDI is considered in MXN currency and system converted it into USD using the exchange rate as on the Date Placed in Service. Is this the expected behaviour?

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