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

SAP Error Message - Details

• 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 can do this by using transaction codes like AS03 (Display Asset) to view the asset details.
  Review Asset History: Check if there is any historical data for the asset. If the asset has never been capitalized or has no depreciation posted, you may need to address this before retirement.
  Repost Missing Transactions: If historical data is missing, you may need to repost any missing transactions or ensure that the asset has been properly capitalized and depreciated.
  Consult with Finance Team: If you are unsure about the asset's status or how to proceed, consult with your finance or accounting team to understand the asset's lifecycle and any necessary steps to rectify the situation.
  Check for Data Archiving: If the data has been archived, you may need to retrieve it or ensure that the archiving settings are correctly configured to retain necessary historical data.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  ABAVN: Unplanned Depreciation
  ABRET: Retirement of Asset
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to asset management and retirement processes.
  Documentation: Review SAP documentation on asset accounting to understand the requirements for asset retirement and the necessary historical data.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.