Trans. type & can only be used for legacy assets from prev. years

What causes this issue?

Transaction type &V1& is only allowed for assets with a capitalization
date in a closed fiscal year. Capitalization date &V2& is larger or the
same as the first day of current fiscal year &V3&.
Transaction type &V1& transfers values from the past that are then
displayed as cumulative values as of the beginning of the fiscal year.

System Response

Transaction type &V1& is not allowed.

How to fix this error?

Only use transaction types for the current fiscal year when
transferring your transactions.
You can only use legacy data transfer transaction types to transfer the
cumulative acquisition costs and down payments for the line item
settlement of an asset under construction.

Error message extract from SAP system. Copyright SAP SE.