3014131 - Post Retirement by Scrapping gives error AA416 - SAP S/4HANA Cloud Public Edition

Posting with app Post Retirement by Scrapping gives error AA416 (Retirement of old assets data not possible (No existing old assets data)).

• SAP S/4HANA Cloud Public Edition

Enter the app Post Retirement by Scrapping.
Enter the parameters for the posting.
Simulate the posting.

One of the areas does not have any values could be a reason for the error to be correctly raised.

Restrict the posting to areas that do have value.

asset scrapping accounting , KBA , FI-AA-AA-C , Transactions , FI-AA-AA-C-2CL , Transactions (Public Cloud) , Problem