How To Fix FAA_MD026 - Please enter the planned useful life in depr. area &1 starting at &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_MD - Fixed Asset Master

• Message number: 026

• Message text: Please enter the planned useful life in depr. area &1 starting at &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_MD026 - Please enter the planned useful life in depr. area &1 starting at &2 ?

  The SAP error message FAA_MD026 indicates that there is a missing entry for the planned useful life in the depreciation area specified in the message. This error typically occurs when you are trying to create or modify an asset in the Asset Accounting (FI-AA) module, and the system requires a planned useful life for the asset in the specified depreciation area.
  Cause:
  
  Missing Useful Life: The planned useful life for the asset has not been defined in the specified depreciation area.
  Incorrect Configuration: The configuration for the asset class may not have the necessary settings for the depreciation area.
  Data Entry Error: There may have been an oversight during data entry, leading to the omission of the planned useful life.
  
  Solution:
  To resolve the FAA_MD026 error, follow these steps:
  
  
  Check Asset Master Data:
  
  Go to the Asset Master Data (transaction code AS01 or AS02).
  Enter the asset number and navigate to the relevant depreciation area.
  Ensure that the planned useful life is entered for the specified depreciation area.
  
  
  
  Review Asset Class Configuration:
  
  Use transaction code OAOA to check the configuration of the asset class.
  Ensure that the depreciation area is correctly set up and that the planned useful life is defined for the asset class.
  
  
  
  Update the Useful Life:
  
  If the planned useful life is missing, enter the appropriate value in the asset master data.
  Save the changes and try to execute the transaction again.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct planned useful life, refer to your organization's asset management policies or consult with your finance team.
  
  
  
  Check for Depreciation Area Settings:
  
  Ensure that the depreciation area is active and correctly configured in the system.
  
  
  
  Related Information:
  
  Depreciation Areas: In SAP, depreciation areas are used to manage different types of depreciation for an asset (e.g., book depreciation, tax depreciation).
  Asset Classes: Asset classes define the characteristics of assets, including how they are depreciated and their useful life.
  Transaction Codes:
  
  AS01: Create Asset Master Record
  AS02: Change Asset Master Record
  OAOA: Configure Asset Classes
  
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP Notes for further troubleshooting.