Not able to post depreciation in the new co code

Hi
I am trying to post the Depreciation using AFAB into a newly created Co Code for the first time. But the system throws the below error asking me to post to the last month of the previous year.
You can only post in new year after closing the previous year.
Message no. AA687
Diagnosis
You want to post in a new fiscal year. However, a posting must have been made in the last period in the previous fiscal year before you can do this.
Procedure
Post to the last period in the previous year first.
But this is a new co code which goes life in the middle of the current year. Then why is it asking to post the depreciation for the last month of the previous year.
Also, I have closed the last year in asset accounting without any issues using AJAB. But still why is it showing this error. Please help me how to overcome this error and post the depreciation for the first time in the new co code.
Thanks
Gemini

Hello All,
My Fiscal Year is from November to October. My transfer date is 31 Oct 2013. Oct is my last period (Period 12) for FY 2013.
I have uploaded legacy Asset values in the month of Febraury (Period 4 of FY 2014) and now trying to run the depreciation run in the new co code for the first time. But I am facing the error and system is not allowing me to post the depreciation.
When I opended the Asset year 2013 and the FI Period for 2013 also and tried to post the depreciation but it says no values exist for posting depreciation in that period. Then I closed the Asset Year for 2013 using AJAB and also did the asset value transfers to the new year 2014 using AJRW.
Again tried to post depreciation using AFAB in period 1 of 2014 but no use. It gives the same error :
You can only post in new year after closing the previous year.
Message no. AA687
Diagnosis
You want to post in a new fiscal year. However, a posting must have been made in the last period in the previous fiscal year before you can do this.
Procedure
Post to the last period in the previous year first.
But the previous FY 2013 is already closed. Looks peculiar.
Please suggest since this is very crucial for us to go live.
Thanks

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