To resolve this issue, make sure that Acquisition Transaction was not set to Inactive by following the steps below:
1. Navigate to Fixed Assets > List > Assets
2. Click the View link next to the Fixed Asset
3. Go to Depreciation History tab > Accounting Method Depr. History subtab
4. Click Edit link next to Acquisition
5. Check the Inactive checkbox. To view asset cost in the Asset Register report make sure that this field is not marked.