You may encounter with this requirement when working with company that have to generate report in group currency.
You define new depreciation area which identical to ordinary depreciation area. And set different currency for this area.
Step 1: Define Depreciation Areas
IMG – Financial Accounting – Valuation – Depreciation Areas – Define Depreciation Areas
To create an identical area to the original area, you select copy button. If the area is posting to GL, change it to “Area Does Not Post” when select field Posting in G/L.
If you have error when doing later steps, use IMG path, instead, IMG – Financial Accounting – Organizational Structure – Depreciation Areas – Define How Depreciation Areas Post to General Ledger to copy new area.
Step 2: Specify Area Type in the same IMG path (OADC)
Change Area type to 06 – Group Valuation
Step 3: Specify Transfer of APC Values
Step 4: Specify Transfer of Depreciation Terms
Step 5: Determine Depreciation Areas in the Asset Class
Step 6: Define currency for newly depreciation area
If you have already created some asset, you need to add those depreciation areas to created assets
Step 7: Automatic Opening of a New Depreciation Area
This program also convert for asset with has been capitalized in currency year.