How To Fix AA516 - You cannot perform a FYchange (Asset deactivated)

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 516

• Message text: You cannot perform a FYchange (Asset deactivated)

What causes this issue?

You have selected a future year for a deactivated asset. The result of
this would be an asset with the value zero, which is why this is not
technically supported by the System.

System Response

The System will not process this function.

How to fix this error?

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AA516 - You cannot perform a FYchange (Asset deactivated) ?

  The SAP error message AA516 ("You cannot perform a FY change (Asset deactivated)") typically occurs when you attempt to perform a fiscal year change for an asset that has been deactivated. This error indicates that the asset in question is not active, and therefore, the system does not allow any fiscal year change operations on it.
  
  Cause:
  
  Asset Deactivation: The primary cause of this error is that the asset has been marked as deactivated in the system. Deactivated assets cannot be processed for fiscal year changes.
  Incorrect Asset Status: The asset may be in a status that does not allow for fiscal year changes, such as being retired or fully depreciated.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Asset Status:
  
  Go to the Asset Accounting module in SAP and check the status of the asset that is causing the error.
  Use transaction code AS03 (Display Asset) to view the asset details.
  
  
  
  Reactivate the Asset:
  
  If