Depreciation key &1 is not active in chart of deprec. &2

What causes this issue?

Depreciation key &V1& in chart of depreciation &V2& is not active.

System Response

Error message

How to fix this error?

Activate the depreciation key in Customizing. Only active depreciation
keys can be used in asset master records.

Procedure for System Administrators

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.