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The default fixed asset statuses are configured to be assigned automatically; however you can change settings for some statuses so that they will could be assigned manually.
The Fixed Asset Statuses list
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- Construction In Progress: This status is initially assigned to any fixed asset that requires some preparation or construction works before it could be put in use.
- Construction is Completed: This status is assigned to any fixed asset that is ready for use.
- Active: This status is assigned automatically on posting the Fixed Asset Entry document with the listed fixed asset or by posting a Conservation of Fixed Assets (Transaction Type = Cancellation of Conservation) document.
- In Conservation: This status is assigned automatically on posting of the Conservation of Fixed Assets (Transaction Type = Cancellation of Conservation) document.
- Held for Sale: This status is assigned automatically on posting the Preparation for Fixed Asset Sale document. The asset is not used and not depreciated.
- Disposed: This status is assigned automatically on posting the Fixed Asset Sale or Fixed Asset Write Off document.
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Use the Ordinal Number field to specify the order in which this status can be assigned.
In In the Color field, specify the color for highlighting the asset with this status in the list of fixed assets.
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