How To Fix AA416 - Retirement of old assets data not possible (No existing old assets data)

AA416 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 416

• Message text: Retirement of old assets data not possible (No existing old assets data)

What causes this issue?

You have tried to post an retirement based on amount, using a
transaction type which refers to old assets data (acquisitions from
previous years).
However, the sum of the APC at the start of the fiscal year and the
transactions, related to the past, equals 0.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Check the transaction type entered and the asset.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA416 - Retirement of old assets data not possible (No existing old assets data) ?

  The SAP error message AA416 indicates that the system is unable to retire old assets data because there is no existing old assets data available for the asset in question. This typically occurs during the process of asset retirement or when trying to perform a transaction that requires historical data for the asset.
  
  Cause:
  
  No Historical Data: The asset may not have any historical data recorded in the system, which is necessary for the retirement process.
  Incorrect Asset Number: The asset number provided may be incorrect or does not exist in the system.
  Asset Not Fully Capitalized: The asset may not have been fully capitalized or may not have any depreciation posted, leading to a lack of old asset data.
  Data Deletion: Historical data may have been deleted or archived, making it unavailable for the retirement process.
  
  
  Solution:
  
  Check Asset Data: Verify that the asset number is correct and that the asset exists in the system. You