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.

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