What does HRESULT 0x8004530D (FSRM_E_OUT_OF_RANGE) mean?

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A numeric or enumerated FSRM property is outside the range accepted by the requested operation.

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FSRM_E_INVALID_IMPORT_VERSION	FSRM_E_REQD_PARAM_MISSING

FSRM_E_OUT_OF_RANGE

FSRM_E_OUT_OF_RANGE (0x8004530D) A numeric or enumerated FSRM property is outside the range accepted by the requested operation.

Check the argument that was supplied last; quotas, thresholds, schedule fields, and report settings are common sources.
Verify that the script does not pass values in the wrong unit or data type.
Use the current server's PowerShell help for the setting instead of reusing parameters from a different Windows release.