Different Asset Category for the same asset
Hello All,
As part of the recent acquisition of our company the asset policies has been changed and the asset categories has been re-classed from COMP.EQUIP to PC.GENERAL for all the assets.
The situation is business team want to the keep to the PC.GENERAL (New Asset Category) in the FA CORP BOOK and the old asset category COMP.EQUIP in the FA TAX BOOK for the same asset (example Asset # 12345). I know that we cannot have two different asset categories in CORP and TAX book respectively for the same asset. But is there a better to satisfy the business especially in retaining the old asset category for FA TAX BOOK for statutory reporting purpose.