How To Fix GZ028 - Life of decl.-bal. depr. missing for ledger & co. & TP & asset &

SAP Error Message - Details

• Message type: E = Error

• Message class: GZ - Message class for FI-LC

• Message number: 028

• Message text: Life of decl.-bal. depr. missing for ledger & co. & TP & asset &

What causes this issue?

While choosing the declining-balance method, no depreciation life was
entered.

System Response

Error message

How to fix this error?

Please enter the life for calculating the depreciation.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GZ028 - Life of decl.-bal. depr. missing for ledger & co. & TP & asset & ?

  The SAP error message GZ028 indicates that there is a missing life of declared balance depreciation for a specific ledger, company code, transaction type, and asset. This error typically arises in the context of asset accounting when the system is unable to find the necessary information to calculate depreciation for an asset.
  Cause:
  
  Missing Configuration: The life of declared balance depreciation may not be configured for the specified asset in the asset master data.
  Incorrect Transaction Type: The transaction type used may not have the necessary settings for the asset in question.
  Missing or Incorrect Ledger Settings: The ledger settings for the company code may not include the required depreciation parameters.
  Asset Master Data Issues: The asset master data may be incomplete or incorrectly maintained.
  
  Solution:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS03) and verify that the life of declared balance depreciation is correctly maintained for the asset in question.
  Ensure that the depreciation areas are correctly set up.
  
  
  
  Review Transaction Type Configuration:
  
  Check the configuration of the transaction type used for the asset. Ensure that it is set up to handle the depreciation correctly.
  You can do this in the configuration settings under Asset Accounting (transaction code SPRO).
  
  
  
  Verify Ledger Settings:
  
  Ensure that the ledger settings for the company code include the necessary parameters for depreciation.
  Check the configuration for the ledger in the Asset Accounting settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on how to configure the life of declared balance depreciation.
  
  
  
  Run Depreciation Simulation:
  
  If applicable, run a depreciation simulation to see if the error persists and to gather more information about the issue.
  
  
  
  Contact SAP Support:
  
  If the issue cannot be resolved through the above steps, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  AS03: Display Asset
  AS02: Change Asset
  SPRO: Customizing Implementation Guide
  
  
  Depreciation Areas: Ensure that the relevant depreciation areas are correctly defined in the asset master data.
  Transaction Types: Familiarize yourself with the transaction types used in your organization and their configurations.
  
  By following these steps, you should be able to identify and resolve the cause of the GZ028 error in SAP.