To avoid this, users need to take below steps before generating a new asset:
1. Navigate to Fixed Assets > Setup > Asset Types.
2. Edit the Asset Type in question.
3. Go to General tab.
4. Set Asset Type Depreciation Active = True.
5. Hit Save.
Note: This change will not take effect retroactively. Users need to manually add the depreciation start date of the items that were already generated.
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