How To Fix AC501 - Chart of depreciation &1 is a sample; only there to be copied

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 501

• Message text: Chart of depreciation &1 is a sample; only there to be copied

What causes this issue?

You have used chart of depreciation &V1&. It is either <ZH>not</>
defined, or it is a sample chart of depreciation.
You can only use sample charts of depreciation as templates for copying.
They are <ZH>not</> allowed to be assigned to a company code.

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?

Check your entries. The allowed charts of depreciation are shown in the
input help.
Check whether data exists in the company code. If data does not exist in
the company code, you can delete the assignment of sample chart of
depreciation to the company code.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC501 - Chart of depreciation &1 is a sample; only there to be copied ?

  The SAP error message AC501 indicates that the chart of depreciation you are trying to use is a sample chart and is not intended for direct use. This message typically arises when you attempt to create or modify asset accounting settings using a sample chart of depreciation that SAP provides for reference purposes.
  Cause:
  
  The chart of depreciation you are trying to use (denoted as &1 in the error message) is a sample chart provided by SAP. Sample charts are meant to serve as templates and cannot be used directly for asset accounting transactions.
  This error often occurs when users attempt to assign a sample chart of depreciation to a company code or when trying to create assets using that chart.
  
  Solution:
  
  
  Create a New Chart of Depreciation:
  
  You need to create a new chart of depreciation based on the sample chart. You can do this by copying the sample chart and then modifying it according to your organization's requirements.
  To copy a chart of depreciation, navigate to the following path in SAP:
  
  Transaction Code: OAVC (or use the menu path: Accounting > Asset Accounting > Implementation Guide > Depreciation > Define Chart of Depreciation)
  
  
  Select the sample chart of depreciation and use the "Copy" function to create a new chart.
  
  
  
  Assign the New Chart of Depreciation:
  
  After creating the new chart, you need to assign it to your company code. This can be done in the same configuration area where you created the chart.
  Ensure that the new chart of depreciation is properly configured with all necessary settings, such as depreciation areas, methods, and useful lives.
  
  
  
  Check Configuration:
  
  Ensure that all necessary configurations related to the new chart of depreciation are completed, including defining depreciation areas and assigning them to the relevant asset classes.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OAVC: Define Chart of Depreciation
  OAYZ: Assign Chart of Depreciation to Company Code
  
  
  Documentation:
  
  Refer to SAP Help documentation for Asset Accounting for detailed steps on creating and configuring charts of depreciation.
  
  
  Best Practices:
  
  Always back up your configuration before making changes.
  Test the new chart of depreciation in a development or test environment before moving to production.
  
  
  
  By following these steps, you should be able to resolve the AC501 error and successfully set up your asset accounting processes in SAP.