QB Issue Resolution:

In the cheque detail enter the name of the fixed asset account or add new at that time.

Even if your edition had Fixed Asset Manager it probably could not automate the depreciation for Canada

Resolution for Issue 'How do i record the purchase of a new fixed asset and how do i set it up so that depreciation will be automatically calculated?' available: Yes (Solved).
Source: Intuit Community forum.

How do i record the purchase of a new fixed asset and how do i set it up so that depreciation will be automatically calculated?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for cheque detail
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Error Recovery for cheque detail [Canada]
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