Fixed Assets Reporting Currency
Hi
We currently have just have a primary ledger and a corporate asset book. We are looking at setting up a Reporting Currency ledger. For Fixed Assets we want to use the conversion rate on the Date Placed in Service. To do this we will need to create a new corporate asset book and the assets to the new book. I'm looking for some advice on how I do this i.e. do i retire the assets from existing asset book or do i cost adjust the assets to $0.00.
Thanks
Grant
We currently have just have a primary ledger and a corporate asset book. We are looking at setting up a Reporting Currency ledger. For Fixed Assets we want to use the conversion rate on the Date Placed in Service. To do this we will need to create a new corporate asset book and the assets to the new book. I'm looking for some advice on how I do this i.e. do i retire the assets from existing asset book or do i cost adjust the assets to $0.00.
Thanks
Grant
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