SAP Message AC507 - You cannot process company code &, it contains assets

Diagnosis
You want to delete company code &V1& or assign company code &V1& to adifferent chart of depreciation.
However, at least one asset exists in company code &V1&.

System Response
The action cannot be carried out.

Procedure
Check the company code entry. You may have to reset the assets in thiscompany code, if it is not in production operation.