Equipment &1 does not exist in any IBase

What causes this issue?

Equipment &V1& does not exist in any installed base on &V2& at &V3&.

System Response

The system cancels processing.

How to fix this error?

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

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.