Generating Depreciation History error :UNEXPECTED_ERROR: [object Object]

Scenario

User navigates to Fixed Assets > Setup > System Setup > Precompute Depreciation Values to generate depreciation schedules when they received an error: UNEXPECTED_ERROR: [object Object]

Solution

The reason behind the error is because the End Period Number for depreciation method  was populated but the Next Depreciation Method is empty.

If the depreciation method covers a limited period (e.g. only the first 12 months of the asset lifetime), this field indicates the next depreciation method which should take effect when the current method reaches its limit.

1. Navigate to Fixed Asset > Setup > Depreciation Method
2. Edit the Depreciation method
3. Select a value for NEXT DEPRECIATION METHOD
4. Save
5. Run the Precompute Depreciation Value again.