How To Fix AC350 - Depreciation key is initial. It is not possible to post.

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 350

• Message text: Depreciation key is initial. It is not possible to post.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message AC350 - Depreciation key is initial. It is not possible to post. ?

  The SAP error message AC350 indicates that there is an issue with the depreciation key for an asset. Specifically, it means that the depreciation key is not defined or is missing (i.e., it is "initial"). This error typically occurs when trying to post a transaction related to asset accounting, such as posting an acquisition or a depreciation run.
  Cause:
  
  Missing Depreciation Key: The depreciation key for the asset is not assigned or is left blank.
  Incorrect Asset Master Data: The asset master record may not have been set up correctly, leading to missing or incorrect information.
  Configuration Issues: The depreciation key may not be configured properly in the system.
  
  Solution:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS02).
  Verify that the depreciation key is filled in the relevant fields. If it is blank, you need to enter a valid depreciation key.
  
  
  
  Assign a Depreciation Key:
  
  If the depreciation key is missing, you can assign a valid depreciation key that corresponds to the asset type and the depreciation method you want to use.
  
  
  
  Review Configuration:
  
  Ensure that the depreciation key is correctly configured in the system. You can check this in the configuration settings (transaction code OADB).
  Make sure that the depreciation key is assigned to the correct asset class.
  
  
  
  Check for Authorizations:
  
  Ensure that you have the necessary authorizations to make changes to the asset master data.
  
  
  
  Consult Documentation:
  
  If you are unsure about which depreciation key to use, consult your organization's accounting policies or SAP documentation for guidance on depreciation keys.
  
  
  
  Related Information:
  
  Depreciation Keys: These are used to determine how the asset's value is depreciated over time. Common depreciation keys include straight-line depreciation, declining balance, etc.
  Asset Classes: Different asset classes may have different depreciation keys assigned to them, so ensure that the asset class is appropriate for the asset in question.
  Transaction Codes:
  
  AS01: Create Asset Master Record
  AS02: Change Asset Master Record
  AS03: Display Asset Master Record
  OADB: Configuration for Depreciation Keys
  
  
  
  By following these steps, you should be able to resolve the AC350 error and successfully post your asset transactions. If the issue persists, consider reaching out to your SAP support team for further assistance.