Company code & not defined for Asset Accounting

What causes this issue?

Company code &V1& is not allowed in Asset Accounting for chart of
depreciation &V2&.

System Response

The entry is not processed.

How to fix this error?

Choose a company code that is assigned to chart of depreciation &V2&.
The entry help shows all company codes that are available for this
chart of depreciation.

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.