How To Fix AA670 - Depreciation key &1 is not active in chart of deprec. &2

SAP Error Message - Details

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 670

• Message text: Depreciation key &1 is not active in chart of deprec. &2

What causes this issue?

Depreciation key &V1& in chart of depreciation &V2& is not active.

System Response

Error message

How to fix this error?

Activate the depreciation key in Customizing. Only active depreciation
keys can be used in asset master records.

Procedure for System Administrators

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 AA670 - Depreciation key &1 is not active in chart of deprec. &2 ?

  The SAP error message AA670 indicates that the depreciation key specified in the error message is not active in the specified chart of depreciation. This typically occurs when you are trying to post a transaction related to asset accounting, and the system cannot find the necessary configuration for the depreciation key in the chart of depreciation you are using.
  Cause:
  
  Inactive Depreciation Key: The depreciation key you are trying to use is not activated for the chart of depreciation specified.
  Configuration Issues: The depreciation key may not have been set up correctly in the configuration settings for asset accounting.
  Chart of Depreciation: The chart of depreciation being used may not be correctly assigned to the company code or may not have the necessary settings.
  
  Solution:
  
  
  Check Depreciation Key: Go to the configuration settings in SAP and check if the depreciation key is active for the specified chart of depreciation.
  
  Transaction Code: OADB (for Asset Accounting Configuration)
  Navigate to Depreciation -> Define Depreciation Keys and check if the key is active.
  
  
  
  Activate Depreciation Key: If the depreciation key is not active, you will need to activate it.
  
  In the same configuration area, you can activate the depreciation key for the relevant chart of depreciation.
  
  
  
  Assign Chart of Depreciation: Ensure that the chart of depreciation is correctly assigned to the company code.
  
  Transaction Code: OBY6 (for Assigning Chart of Depreciation to Company Code)
  
  
  
  Review Customization: If you have custom depreciation keys, ensure they are properly configured and activated.
  
  
  Consult Documentation: If you are unsure about the settings, refer to SAP documentation or consult with your SAP functional consultant for guidance.
  
  
  Related Information:
  
  Depreciation Keys: These are used to determine how the asset will be depreciated over time. Each key can have different rules and methods for calculating depreciation.
  Chart of Depreciation: This is a set of rules that define how assets are depreciated in a specific country or region. It includes various settings such as useful life, depreciation methods, and more.
  Asset Accounting Configuration: Proper configuration in Asset Accounting is crucial for accurate financial reporting and compliance with accounting standards.
  
  By following these steps, you should be able to resolve the AA670 error and ensure that the depreciation key is properly configured for use in your asset accounting processes.