How To Fix AA940 - Index series & has no age-related indexing (Please correct)

AA940 - Overview

• Message type: E = Error

• Message class: AA - Messages for Asset Accounting

• Message number: 940

• Message text: Index series & has no age-related indexing (Please correct)

What causes this issue?

Index series &V1& is not age-related. However, you require age-related
indexing.

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?

Enter an index series with age-related indexing.

Error message extract from SAP system. Copyright SAP SE.

AA940 - Details

• The SAP error message AA940 indicates that there is an issue with the asset accounting (AA) index series in the system. Specifically, it suggests that the index series does not have age-related indexing, which is necessary for the proper calculation of depreciation and other asset-related processes.
  
  Cause:
  The error typically arises due to one of the following reasons:
  
  Missing Index Series Configuration: The index series for the asset in question has not been properly configured to include age-related indexing.
  Incorrect Asset Master Data: The asset master data may not be set up correctly, leading to inconsistencies in how the asset is processed.
  System Settings: The system settings for asset accounting may not be aligned with the requirements for age-related indexing.
  
  
  Solution:
  To resolve the AA940 error, you can follow these steps:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS03) and verify the settings related to the index series.
  Ensure that the asset is assigned to