You cannot post to this asset (Asset & & deactivated)

What causes this issue?

A complete retirement or a complete transfer was already posted to the
asset.

System Response

The system rejects posting with the transaction type entered.

How to fix this error?

Check if you entered the correct asset. Either choose a different
asset, or reverse the retirement document, or remove the deactivation
date using Asset -> Change -> Asset.

Error message extract from SAP system. Copyright SAP SE.