How To Fix AC351 - Depreciation key & not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 351

• Message text: Depreciation key & not defined

What causes this issue?

Depreciation key &V1& that you entered is not defined in any active
chart of depreciation.

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?

Please 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 AC351 - Depreciation key & not defined ?

  The SAP error message AC351 indicates that a depreciation key is not defined for the asset in question. This error typically arises during asset accounting processes, such as when trying to post a transaction related to an asset or when running depreciation calculations.
  Cause:
  
  Missing Depreciation Key: The depreciation key assigned to the asset master record is not defined in the system.
  Incorrect Configuration: The depreciation key may not be properly configured in the system, or it may not be assigned to the correct asset class.
  Asset Class Issues: The asset class associated with the asset may not have a valid depreciation key assigned.
  Data Entry Errors: There may be a typo or incorrect entry in the asset master data.
  
  Solution:
  
  
  Check Asset Master Record:
  
  Go to the asset master record (transaction code AS02).
  Verify that the depreciation key is correctly assigned in the asset master data.
  If it is missing, assign a valid depreciation key.
  
  
  
  Define Depreciation Key:
  
  If the depreciation key is not defined, you need to create it.
  Use transaction code OADB to access the configuration for depreciation keys.
  Define the depreciation key with the necessary parameters (e.g., method, useful life, etc.).
  
  
  
  Check Asset Class Configuration:
  
  Go to transaction code OAYZ to check the configuration of the asset class.
  Ensure that the asset class has a valid depreciation key assigned.
  
  
  
  Review Configuration Settings:
  
  Ensure that the depreciation key is correctly configured in the system settings.
  Check for any inconsistencies in the configuration that might lead to this error.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files for additional guidance on depreciation keys and asset accounting.
  
  
  
  Testing:
  
  After making changes, test the asset transactions again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Depreciation Key: A depreciation key in SAP defines how the depreciation for an asset is calculated. It includes parameters such as the method of depreciation (e.g., straight-line, declining balance), useful life, and other relevant settings.
  Asset Accounting: This is a module in SAP that deals with the management of fixed assets, including acquisition, depreciation, and disposal.
  Transaction Codes:
  
  AS02: Change Asset Master Record
  OADB: Define Depreciation Keys
  OAYZ: Define Asset Classes
  
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant specializing in Asset Accounting.