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I got an Purchase Transactions Error “Object OE1009828 in company  XXX has wrong status (Scrapped). FA will not be updated”. Receipt and PO related to this have been cancelled by the user and Object is in scrapped status now.

How can I clear this error?

If both purchase transactions, receipt and receipt cancellation have this error message, I think object id in PO preposting should be updated, using another object in Investment status. 

If error applies to cancellation only, and receipt has been successfully transferred to Financials, you should rollback FA scrap action and object activation in Fixed assets.