How To Fix RECEAA008 - No depreciation area was found in asset class &1

RECEAA008 - Overview

• Message type: E = Error

• Message class: RECEAA - Messages Valuation Asset Integration

• Message number: 008

• Message text: No depreciation area was found in asset class &1

What causes this issue?

For valuation rule &v2&, a depreciation area could not be determined in
asset class &v1&.

System Response

The asset cannot be created correctly.

How to fix this error?

If you have assigned valuation rule &v2& an accounting principle, make
sure that the target ledger group of this accounting principle is
assigned to a depreciation area in asset accounting.
If you have <ZH>not</> assigned valuation rule &v2& an accounting
principle, make sure that the valuation rule &v2& for company code &v3&
is directly assigned a depreciation area.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RECEAA008 - No depreciation area was found in asset class &1 ?

  The SAP error message RECEAA008 indicates that there is no depreciation area defined for the specified asset class in the system. This error typically occurs when you are trying to post an asset transaction, and the system cannot find the necessary configuration for the asset class in question.
  
  Cause:
  
  Missing Configuration: The asset class does not have any depreciation areas defined in the configuration settings.
  Incorrect Asset Class: The asset class being used may not be set up correctly or may not exist in the system.
  Data Entry Error: There may be a typo or incorrect entry in the asset class field during transaction entry.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Asset Class Configuration:
  
  Go to the transaction code OAOA (or navigate through the menu: Accounting > Asset Accounting > Master Data > Asset Class > Define Asset Class).
  Verify that the asset class in question has the necessary depreciation areas defined. You should