QB Issue Resolution:
This is one you will need to get with your tax accountant
annual depreciation should have been applied to the FA for the years starting in 2012 to now
the book value of the asset on 1/1/15 is the purchase cost less the accumulated depreciation
But there is a chance that the amount of the loan still due is more than book value, that is where you need the accountants advice on how to enter that
Resolution for Issue 'What $ amount do I use for opening balance of an existing Fixed Asset and corresponding Loan for that asset?' available: Yes (Solved).
Source: Intuit Community forum.
What $ amount do I use for opening balance of an existing Fixed Asset and corresponding Loan for that asset?: 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 fixed asset
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!
Error Recovery for fixed asset [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.
Additional Support Options: