Last year with the introduction of Companies Act, 2013 useful life of various assets in our Company had to be changed. Consequently rate of depreciation applicable to effected assets also got changed. Now when we are trying to write off some of the assets, the system is throwing up error AA662 reproduced below;
SYST: You cannot change the depreciation period.
Diagnosis;
Processing terminated because the number of depreciation periods in Company Code XXXXX has been changed. However, you cannot change the number of periods inn your live (productive) system.
Any solution to this problem? Please advise.