How To Fix AC750 - &1: There is no phase 1 yet for depreciation key &2 !

AC750 - Overview

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 750

• Message text: &1: There is no phase 1 yet for depreciation key &2 !

What causes this issue?

There is no assignment yet for phase 1 (starting from depreciation
start) for depreciation key &v2& in chart of depreciation &v1& for
&v3&.

System Response

Data are not saved.

How to fix this error?

Make an assignment for phase 1.

Error message extract from SAP system. Copyright SAP SE.

AC750 - Details

• The SAP error message AC750 indicates that there is an issue with the depreciation key configuration in the Asset Accounting module. Specifically, it means that the system is trying to process a depreciation calculation for an asset using a depreciation key that has not been fully configured or does not have a defined phase 1.
  
  Cause:
  
  Missing Configuration: The depreciation key specified in the error message does not have a defined phase 1. This could happen if the depreciation key was created but not fully configured.
  Incorrect Asset Master Data: The asset master data may be using a depreciation key that is not properly set up.
  System Upgrade or Changes: If there have been recent changes or upgrades to the system, it may have affected the configuration of depreciation keys.
  
  
  Solution:
  
  
  Check Depreciation Key Configuration:
  
  Go to the transaction code OADB (Depreciation Areas) or OAYZ (Depreciation Key) in SAP.
  Look for the depreciation key mentioned in the error