Enter an existing archiving object

What causes this issue?

You have entered &V1& as archiving object. However, the archiving
object &V1& does not exist.

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?

Enter an existing archiving object. You can select a suitable archiving
object using F4.

Error message extract from SAP system. Copyright SAP SE.