How to set up Amount Based Approval Rules based on Approval Group

Summary:

We have a requirement wherein in case of Retirement of assets, amount based approval rules to be set up: Below is the example:

1. Asset Retired amount is Upto 100K- there are 2 level of approval based on approval group, the approval should first route to GM Approval Group (which contains 5 users and anyone of the user from the group can approves the transaction). Once GM approval group approves, it should route to ED Approval Group (which contains 2 users and anyone of the user can approve it), and once approved the transaction should get approved.
2. Asset Retired amount More 100K- there are 3 level of approval based on approval group, the approval should first route to GM Approval Group (which contains 5 users and anyone of the user from the group can approves the transaction). Once GM approval group approves, it should route to ED Approval Group (which contains 2 users and anyone of the user from the group can approve the transaction). Once ED approval group approves, it should route to VP Approval Group (which again contains 3 users and anyone of the user from the group approves it), and once approved the transaction should get approved.