Cumulative depreciation empty for imported mid life asset

AI generated answer (using internal Slack threads):

Based on the conversations, it seems that the issue of cumulative depreciation being empty for imported mid-life assets arises due to the absence of depreciation history records. When importing mid-life assets into the Fixed Assets Management (FAM) module in NetSuite, it's important to also import the depreciation history. This is because the depreciation history records tell NetSuite how much the asset has already depreciated, the Net Book Value (NBV), and other details. This information is crucial for NetSuite to correctly create a new schedule for future depreciation. However, it's important to note that importing depreciation history records for mid-life assets does not have a General Ledger (GL) impact. This means that it will not create journal entries for it. The depreciation history import is only meant to record the cumulative depreciation of the asset to date. If you're having trouble importing and starting the depreciation, make sure you're importing the Asset.csv, getting the FAM ID and Name, and then importing the Depreciation History Record (DHR). If all stages are showing as "Not Required" when you try to run the depreciation, it might be worth checking if there are any errors under Background Processions > Status. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******