This error is encountered if the Asset Type Depreciation Account selected (Fixed Assets > Setup > Asset Types > Accounts tab) is inactive (XXX refers to the Internal ID of the Asset Type Depreciation Account.
To resolve, user can activate the Depreciation Account or set a different one instead.
1. Navigate to Lists > Accounting > Accounts.
2. Mark the Show Inactives checkbox.
3. Locate the Internal ID of the Depreciation Account.
4. Unmark the Inactive checkbox.
5. Click Save.
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