Default Alternate Methods Set on the Asset Type Do not Automatically Populate When Creating New Asset Records

Upon installation of the FAM bundle, the system provides the list of Alternate Methods (for Tax) in Fixed Assets >  Setup > Alternate Methods.  If you view the methods, it is not setup yet with Subsidiary and Asset Life.  


To automatically populate the Alternate Method in the FAM Asset Record, edit the Alternate Method and set the Subsidiary and other mandatory fields.