Fiscal year not set up error --068E in fixed asset

Hello All,

We are facing issue of 068E error while calculation depreciation for current year 2016 for month of January.

What is happening here is while calculating depreciation for current year 2016 system gives error message as Fiscal year not set up this is happening only with asset having below depreciation information.

Depreciation method S1=Special dpreciation method

Compute direction is =" I '

Initial term= 'A -Actual dpreciation start."

Life period =240 and pattern =R

Also please note that  depreciation is correctly calculated for all assets for current year 2016 january having below Depreciation information

Depreciation method S1=Special dpreciation method

Compute direction is =" C '