What is the downside to not loading depreciation history into a midlife asset? When entering all other information in everything is calculating correctly into the future and current values but the documentation clearly states that you need to update depreciation history records. Any good ideas why if we have this info outside of the system?

if it is in fact calculating correctly there is no need for you to upload midlife depreciation records. It is just you are in unique position 🙂 Most of customers deviate from systematic-like calculations.

Some just like to have this info all in one place for reporting in NS. You could always do combined depreciation and upload groups of depreciation history for each asset, per year for example (one depreciation history transaction for 2018, one for 2019, etc)

Thank you Karina / Julia. It seems to me if I calculate beginning depreciation, the correct nbv etc. that I can see depreciation go out through the life of the asset correctly. If an individual doesn't care to have the history in the system I just wanted to make sure that there was no downside to this.