How To Fix RECEAA012 - No depreciation items found for asset &1

SAP Error Message - Details

• Message type: E = Error

• Message class: RECEAA - Messages Valuation Asset Integration

• Message number: 012

• Message text: No depreciation items found for asset &1

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message RECEAA012 - No depreciation items found for asset &1 ?

  The SAP error message RECEAA012: No depreciation items found for asset &1 typically occurs when the system is unable to find any depreciation items for a specified asset during a depreciation run or when trying to display depreciation information. Here are the potential causes, solutions, and related information for this error:
  Causes:
  
  No Depreciation Calculation: The asset may not have been set up for depreciation, or the depreciation calculation has not been executed for the asset.
  Asset Not Fully Capitalized: The asset might not be fully capitalized, meaning that it has not been placed in service or has not been assigned a useful life.
  Incorrect Asset Class Configuration: The asset class may not be configured correctly to allow for depreciation.
  Posting Period Issues: The posting period for the asset may be closed, preventing any depreciation postings.
  Data Entry Errors: There may be errors in the asset master data that prevent the system from recognizing the asset for depreciation.
  
  Solutions:
  
  Check Asset Master Data: Verify the asset master data to ensure that all necessary fields are filled out correctly, including the asset class, useful life, and capitalization date.
  Run Depreciation Calculation: If the asset is set up correctly, ensure that the depreciation calculation has been executed. You can do this by running the depreciation program (transaction code: AFAB).
  Review Asset Class Settings: Check the configuration of the asset class to ensure that it allows for depreciation. This can be done in the configuration settings (transaction code: OAOA).
  Open Posting Periods: Ensure that the posting periods are open for the relevant fiscal year and that the asset is within the valid posting periods.
  Check for Errors in Previous Periods: If there were errors in previous depreciation runs, they may need to be corrected before the current period can process depreciation for the asset.
  Consult with Finance Team: If you are unsure about the asset's status or configuration, consult with your finance or accounting team for further insights.
  
  Related Information:
  
  Transaction Codes:
  
  AFAB: Run Depreciation
  AS03: Display Asset Master Record
  OAOA: Configure Asset Classes
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  Documentation: Review SAP documentation for Asset Accounting to understand the configuration and processes involved in asset management and depreciation.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.