SYST: Dep. area & not defined in chart of dep. &

What causes this issue?

Depreciation area &V1& has not been created in chart of depreciation
&V2&.

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?

Create the depreciation area.

Error message extract from SAP system. Copyright SAP SE.