Status setting may not be changed (Check your entry)

What causes this issue?

You want to change the status setting in the asset class.

System Response

You can make this change. However, it effects all the future assets you
create in this class.
Assets which are already defined will not be effected by this change.
If you want to change them, you must perform a mass change on all the
assets.
Instead of changing the status, you should think about creating a new
asset class.

How to fix this error?

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

Error message extract from SAP system. Copyright SAP SE.