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Using asset resource types and resources
About asset life cycles
About asset life cycles
About retiring or disposing of an asset
You can track assets through all stages of the asset life cycle, from procurement
to retirement.
The life cycle of a laptop computer is as follows:
Request Laptop: Purchase data is entered in the Configuration Management
Database using a purchase order. The asset status is set to On Order".
Acquire laptop: Specifics about the laptop are entered into the database. The
asset status is set to In Stock".
Deploy and inventory laptop: The laptop is issued to a user, then connected
to the network, and appears as an active asset as a result of inventory scans.
The asset status is set to Active".
The laptop breaks and cannot be repaired, is used for three years, and then
becomes obsolete, or is lost or stolen.
Laptop is retired or end of life: The laptop is disposed of and no longer an active
asset in the database.
After an asset can no longer be used in the enterprise, you must deactivate it.
When you deactivate an asset, it no longer appears in reports and is no longer
considered an asset. Depending on the age and usefulness of the asset and the
reasons for deactivating it, you can choose either retirement or disposal.
If an asset is broken beyond repair or has become obsolete, dispose of it. You can
record any of the costs that are associated with the disposal and remove the asset
from the Configuration Management Database. If an asset can be recycled within
your company, retire it. The asset remains in your company and appear in the
Configuration Management Database but is no longer considered active. If a retired
asset is reassigned to another user, change its status back to active.
When an asset is disposed, depreciation is calculated up to but not including the
disposal date.
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