SAP Message ACC_AA008 - Depreciation area &1 does not exist in company code &2

Diagnosis
Depreciation area &V1& that was entered is not available for companycode &V2&. The reason could be that an incorrect chart of depreciationwas assigned to the company code, or Customizing for chart ofdepreciation &V3& is not complete.

System Response
Error message

Procedure
Correct the Customizing for chart of depreciation &V3&, or enter avalid depreciation area, or assign an appropriate chart of depreciationto company code &V2&.