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Conversion rates - date derivation questions

in Assets 1 comment

Summary:

Hi All

I have below questions on conversion rates date derivation logic. Below is our ledger and asset book structure

1.Asset Corporate book (MNT), connected to primary ledger (MNT). The primary ledger is connected to reporting currency (USD)

2. Asset Tax Book is connected to secondary ledger (USD). Both reporting currency and secondary ledger use the same conversion rate types

  1. When a asset is revalued in Corporate book, what is the date of conversion rate that will be used to convert the USD amount in reporting currency? Lets say if I revalue an asset after 2 years, will it still use the original Inservice date of the asset to derive the date? We want to use the original in service date of the asset to derive the date. Is it possible?
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