Answer Posted / dhanalakshmi

It is possible with New Ledger Concepts. Most of the
companies are MNC, so there is difference between the Low
Value asset and depreciation option. For Eg, in India it is
5000 as LVA. but in USA it is $1000 (eq.50000). Two options
possible, you can post at GL lable wise manual entry for
India books. Or else, you need to create two GL Accounts
for the depreciation posting and need to map with X & Y
concepts in Retained Earnings accounts. So that for group
level accounting and another for company code (local gapp.

While creating depreciation GL two accounts so that it will
implicate in AM Books and also in GL Books.

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