Fields &1 and &2 of structure &3 have to be filled

What causes this issue?

The following applies if you are using new Asset Accounting (that is,
you have activated the Customizing switch for new Asset Accounting (<AB>
PARALLEL_VAL</>): The <LS>Ledger Group</> and <LS>Depreciation Area</>
fields must be filled.

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?

Procedure for System Administrators

Adjust the call of the corresponding BAPIs, if necessary.

Error message extract from SAP system. Copyright SAP SE.