Cumulative Depreciation incorrect for Mid-life fixed asset

AI generated answer (using internal Slack threads):

Based on the conversations, it seems that the issue of incorrect cumulative depreciation for a mid-life fixed asset in NetSuite could be due to several factors. Firstly, it's important to note that certain fields such as Current NBV, Last Dep. Period, Last Dep. Amount, Last Dep. Date are not designed to be edited manually or through a CSV import once the asset has started depreciating. These fields can only be updated via CSV if the asset has not started depreciating. Secondly, when importing assets, it's crucial to check the 'Run SuiteScripts' box under advanced options in the CSV import. This ensures that the necessary scripts are run during the import process. Thirdly, if you're migrating mid-life fixed assets from recently acquired subsidiaries, you need to ensure that the depreciation methods (reducing balance and declining balance) are correctly set up in NetSuite. Lastly, while it's not mandatory to import depreciation history records, doing so can provide a more accurate picture of the asset's depreciation over its life. However, if the depreciation is calculating correctly without these records and you don't need the history in the system, there's no downside to not uploading them. If you're still facing issues with the depreciation schedule, you might find this SuiteAnswers article helpful: https://suiteanswers.custhelp.com/app/answers/detail/a_id/102970/loc/en_US ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******