How To Fix AY160 - No depreciation area in company code & allows group assets.

AY160 - Overview

• Message type: E = Error

• Message class: AY - Deprec. simulation - maint. module (AIPS) /gen. master data

• Message number: 160

• Message text: No depreciation area in company code & allows group assets.

What causes this issue?

You cannot create group assets in company code &v1&. There are no
depreciation areas that can manage group assets in this company code.

How to fix this error?

Make sure that you really want to create a group asset in company code
&v1&.
If so, then allow group assets in the desired depreciation areas.

Error message extract from SAP system. Copyright SAP SE.

AY160 - Details

• The SAP error message AY160 "No depreciation area in company code & allows group assets" typically occurs when there is an issue with the configuration of depreciation areas in the Asset Accounting (FI-AA) module. This error indicates that the system cannot find a valid depreciation area for the specified company code that allows for group assets.
  
  Cause:
  
  Missing Configuration: The depreciation area for the specified company code is not configured correctly or is missing entirely.
  Incorrect Settings: The settings for the depreciation area may not allow for group assets, which is necessary for the transaction you are trying to perform.
  Company Code Issues: The company code may not be properly linked to the relevant depreciation areas.
  Asset Class Configuration: The asset class may not be set up to allow for group assets.
  
  
  Solution:
  To resolve the AY160 error, follow these steps:
  
  
  Check Depreciation Area Configuration:
  
  Go to the transaction code OAYZ (or navigate through the menu: SPRO > Financial