Need to create a new Asset Category and to disable the Old category

Summary: Requirement is to Disable the Ole Asst Category and to add new minor Category. So, what are the steps to be followed for this

please correct whether the below steps works or any steps being missed
1)Assets created by using the categories needs to be accounted and depreciation should be calculated.

2)Do we need to transfer the assets to the new category?

3)Do we have any reports to reconcile or any other steps

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