How To Fix AC294 - Perform deprecation recalculation for company code &1

AC294 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 294

• Message text: Perform deprecation recalculation for company code &1

What causes this issue?

You reset company code &V1& withe the 'Delete line items only' option.
In this case, only transaction data is deleted. Planned, posted and
accumulated depreciation values are not changed. In order for your data
to be consistent, therefore, you have to recalculate depreciation
values.
Important:
If you deleted the line items of more than one year, you have to
execute the recalculation of depreciation starting with the first year
in which line items were deleted (&V2&). If fiscal years are already
closed, you have to reopen them before recalculating values. If there
are problems afterward, SAP recommends resetting the company code
completely, in order to avoid later errors due to inconsistencies.

How to fix this error?

Start report RAAFAR00 or transaction AFAR in update mode for company
code &V1&. Remember that an update run is only possible as background
processing.

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 AC294 - Perform deprecation recalculation for company code &1 ?

  The SAP error message AC294, which states "Perform deprecation recalculation for company code &1," typically occurs in the context of asset accounting. This message indicates that there is a need to recalculate the depreciation for assets in a specific company code due to changes in the asset's parameters or accounting policies.
  
  Cause:
  
  Changes in Asset Parameters: If there have been changes to the asset master data, such as useful life, depreciation method, or acquisition value, the system may require a recalculation of depreciation.
  Changes in Company Code Settings: Adjustments in the company code settings related to depreciation or accounting policies can trigger this message.
  Year-End Closing Activities: If the fiscal year has been closed and there are pending depreciation calculations, this message may appear.
  Manual Adjustments: Manual adjustments to asset values or depreciation settings can also lead to this error.
  
  
  Solution:
  To resolve the AC294 error, you should perform the following steps:
  
  
  Recalculate Depreciation:
  
  Go to the transaction code