The depreciation area is not defined for account assignment

What causes this issue?

The depreciation area you chose is not defined for account assignment.
This is a general characteristic of the depreciation area that applies
for all company codes.
Therefore, it is not possible to choose the area for specifying account
assignment rules.

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?

Error message extract from SAP system. Copyright SAP SE.