No provision for recalculating depreciation in year &.

What causes this issue?

You selected the function reacalculate depreciation for a closed fiscal
year. Depreciation can only be recalculated for open fiscal years
however.

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?

Correct your entries.
If it is necessary that you recalculate an already closed fiscal year
this is possible by removing the last closed fiscal year in Assets
Accounting Customizing. Once you have performed the recalculation
it is imperative that you run the depreciation posting run. In order to
do this, the fiscal year in Financial Accounting must naturally
be open for posting.

Error message extract from SAP system. Copyright SAP SE.