How To Fix AB720 - Enter a depreciation key with 'depreciation by days' such as &1

SAP Error Message - Details

• Message type: E = Error

• Message class: AB -

• Message number: 720

• Message text: Enter a depreciation key with 'depreciation by days' such as &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AB720 - Enter a depreciation key with 'depreciation by days' such as &1 ?

  The SAP error message AB720 indicates that a depreciation key that supports "depreciation by days" has not been entered in the asset master record. This typically occurs when you are trying to post a transaction related to asset depreciation, but the system requires a specific depreciation key that allows for daily depreciation calculations.
  Cause:
  
  Missing Depreciation Key: The asset master record does not have a depreciation key assigned that supports depreciation by days.
  Incorrect Configuration: The depreciation key configured in the system may not be set up to allow for daily depreciation calculations.
  Asset Class Settings: The asset class associated with the asset may not have the correct depreciation key settings.
  
  Solution:
  
  
  Check Asset Master Record:
  
  Go to the asset master record (transaction code AS02).
  Check the depreciation area and ensure that a valid depreciation key is assigned.
  If the depreciation key is missing or incorrect, update it with a key that supports depreciation by days.
  
  
  
  Review Depreciation Key Configuration:
  
  Use transaction code OADB to access the configuration of depreciation keys.
  Ensure that the depreciation key you are trying to use is configured to allow for depreciation by days.
  If necessary, create a new depreciation key or modify an existing one to support daily depreciation.
  
  
  
  Check Asset Class Settings:
  
  Go to transaction code OAOA to review the settings for the asset class.
  Ensure that the asset class is linked to a depreciation key that allows for depreciation by days.
  
  
  
  Consult Documentation: If you are unsure about the correct depreciation key to use, consult your organization's documentation or SAP help resources for guidance on depreciation keys and their configurations.
  
  
  Related Information:
  
  Depreciation Keys: These are used in SAP to define how the depreciation for an asset is calculated. Different keys can be set up for various methods of depreciation (e.g., straight-line, declining balance).
  Depreciation Areas: In SAP, assets can have multiple depreciation areas, each with its own rules and calculations. Ensure that the depreciation key is appropriate for the specific depreciation area you are working with.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or bugs related to depreciation keys and asset accounting.
  
  By following these steps, you should be able to resolve the AB720 error and ensure that the asset master record is correctly configured for depreciation calculations.