Assets compatibility with previous engine versions

So i am using latest version 4.9 and like anyone else i face this issue with old assets not compatible with the new engine version. I came across this way of overcoming this issue and want to make sure it is correct. When i try to add assets to a project created with 4.9 i get this warning in red at the button of the pop up screen says not compatible, so i select the nearest compatible version and i add it successfully to the project which is already under version 4.9. I see the assets and i use them with no issues. Am i super genius or that’s how it is to overcome this issue? :slight_smile: