How To Fix AC064 - No depreciation key with time-dependent period control is defined.

AC064 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 064

• Message text: No depreciation key with time-dependent period control is defined.

What causes this issue?

Depreciation area &V1& in the selected company code &V2& contains no
depreciation keys specified for year-dependent period control.

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?

Choose a different company code, or activate time-dependent period
control in appropriate depreciation keys in chart of depreciation &V1&.
In order to do this, set the corresponding indicator in the definition
of the depreciation keys.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC064 - No depreciation key with time-dependent period control is defined. ?

  The SAP error message AC064, which states "No depreciation key with time-dependent period control is defined," typically occurs in the Asset Accounting (FI-AA) module when there is an issue with the configuration of depreciation keys for fixed assets. This error indicates that the system cannot find a valid depreciation key that is set up to handle time-dependent period control for the asset in question.
  
  Cause:
  
  Missing Depreciation Key: The depreciation key assigned to the asset does not exist or is not configured correctly in the system.
  Time-Dependent Control: The depreciation key may not be set up to handle time-dependent depreciation, which is necessary for assets that have varying depreciation rates or methods over time.
  Asset Master Data: The asset master record may not have the correct depreciation key assigned, or it may be incorrectly configured.
  
  
  Solution:
  
  
  Check Depreciation Key Configuration:
  
  Go to the transaction code OADB (or navigate through the menu: SPRO > Financial Accounting > Asset