Asset class & does not exist; Check your entry

What causes this issue?

You want to display or change asset class &V1&, or you want to create an
asset for this asset class.
However, the asset class does <ZH>not</> exist.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

IF &[SWITCH]S4H_DOCU_CLOUD& = 'X'.
Enter a different asset class. If necessary, use the input help.
ELSE.
The following options are available:
Enter a different asset class. If necessary, use the input help.
Create the asset class in Customizing for Asset Accounting.
ENDIF.

Error message extract from SAP system. Copyright SAP SE.