SAP Message AA107 - Asset class & already exists (Enter another class)

Diagnosis
You want to create asset class &V1&. This asset class already exists.

Procedure
If you want to create a new class, you must allocate a new number.
If you want to change the class, choose menu bar Asset class --> Change
If you just want to create a new chart of depreciation for asset classV1, press f8 for 'create chart of dep.'.