Add Asset Valuation Book
Asset valuation books are different classes of asset valuation records. You can set up multiple valuations for the same assets using different books, which apply different methods of calculating asset values.
For example, regulations in Australia require municipalities to maintain conventional financial reporting systems as well as separate financial records for tax equivalency reporting. A separate book could be set up for each of these purposes.
You can also specify different depreciation and revaluation options for your asset valuation books. For example, one book might only allow depreciation up to the current date, and another might let you project depreciation into the future.