Deprection keys for IFRS

Dear Experts,
We are using Deprecation 40 for IFRS. In IFRS point of deprecation will calculate on the basis of useful life (for example 1years, 3 years, 33 years etc).
In the above case kindly tell me how I have to configure the calculation method (Presently we are using Multilevel method) and deprecation keys for IFRS.
For IFRS purpose we have copied the for the exiting deprecation area 41 and changed the name as 40-IFRS.
In the above case what are the settings I have do for IFRS (For example Acquisition value, Net book value, Investment grants etc)
Regards,
Venkataswamy

Hi Ajay
Thanks for your early response
When i was creating the depreciation key for IFRS system is giving the below warning messege
SMI S18 N 1 : Dep. after planned life end incompatible with dep. over rem. life
Message no. ACRSL016
Diagnosis
A depreciation method over the remaining useful life is only mathematically logical during the useful life of the asset. Transactions that take place after the useful life is expired can no longer be depreciated using this method.
This entry makes sense only if depreciation ends during the fiscal year, and you entered a changeover method.
Procedure
Check if depreciation ends in the course of the fiscal year, and if a changeover method was entered. Otherwise, change the "Rem.Life" (calculate percentage from remaining life) indicator in multi-level method S30 or change the "Dep. after plnd.life end" (Depreciation after planned life end) indicator in base method 0014. The incorrect entry is in SMI S18 N 1 (chart of depreciation, depreciation key, depreciation type, depreciation phase).
Kindly help me on this
Regards
venkataswamy

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