Useful life not permitted; see long text

What causes this issue?

You are using Japan-specific depreciation keys.
One or more of your fixed assets has a useful life of more than 100
years.

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

The Japan-specific depreciation keys use information from a table
containing the depreciation percentage rates allowed by law (in ac
cordance with the ordinance for useful life, TAIYO NENSU SHOREI).
The following Japan-specific depreciation keys access the
above-mentioned table:
DB: Old Declining-Balance Method (using country-specific depreciation
method 2)
SLT: Old Straight-Line Method w/ Scrap Value (using country-specific
depreciation method 1)
SLI: Old Straight-Line Method w/o Scrap Value (using country-specific
depreciation method 1)
DS: Straight-Line Method after Method Change (using country-specific
depreciation method 1)
DB7: 250% Declining Balance Method (using country-specific depreciation
method 5, 6)
DB11: 200% Declining Balance Method (using country-specific depreciation
method 7, 8)
DS7: Straight-Line Method after 2007.04 (using country-specific
depreciation method 6)
DS11: Straight-Line Method after 2012.04 (using country-specific
depreciation method 8)
However, none of the depreciation percentage rates allowed by law are
based on a useful life of more than 100 years.

System Response

How to fix this error?

Correct either the depreciation key assignment or the useful life of the
fixed asset.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.