How To Fix AC297 - Depreciation key & is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 297

• Message text: Depreciation key & is not defined

What causes this issue?

You entered depreciation key &V1& in chart of depreciation
&V2&. This key is not defined.

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?

Correct your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC297 - Depreciation key & is not defined ?

  The SAP error message AC297, which states "Depreciation key & is not defined," typically occurs when the system cannot find a specified depreciation key in the configuration. This can happen during asset transactions, such as asset creation, posting, or during the execution of depreciation runs.
  Cause:
  
  Missing Configuration: The depreciation key specified in the asset master record is not defined in the system.
  Incorrect Entry: The depreciation key may have been entered incorrectly in the asset master data.
  Inactive Depreciation Key: The depreciation key might exist but is not active or has been deactivated.
  Missing Customization: The necessary configuration for the depreciation key may not have been set up in the Asset Accounting (FI-AA) module.
  
  Solution:
  
  
  Check Depreciation Key:
  
  Go to the Asset Accounting configuration (Transaction code: OAYZ or SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Depreciation > Define Depreciation Keys.
  Verify if the depreciation key in question is listed. If it is not, you will need to create it.
  
  
  
  Create or Modify Depreciation Key:
  
  If the depreciation key is missing, create a new depreciation key with the required settings.
  If it exists but is inactive, you may need to activate it or adjust its settings as necessary.
  
  
  
  Check Asset Master Data:
  
  Review the asset master record (Transaction code: AS03) to ensure that the depreciation key is correctly entered.
  If the key is incorrect, update the asset master record with the correct depreciation key.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific details on the depreciation key settings and their implications.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Depreciation Keys: These are used to determine how an asset's value is depreciated over time. Different keys can represent different methods of depreciation (e.g., straight-line, declining balance).
  Transaction Codes: Familiarize yourself with relevant transaction codes such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset) for managing asset master data.
  SAP Notes: Check SAP Notes for any known issues or patches related to depreciation keys and asset accounting.
  
  If the problem persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.