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  1. 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.
  2. Construction is Completed: This status is assigned to any fixed asset that is ready for use.
  3. 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.
  4. In Conservation: This status is assigned automatically on posting of the Conservation of Fixed Assets (Transaction Type = Cancellation Start of Conservation) document.
  5. 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. 
  6. Disposed: This status is assigned automatically on posting the Fixed Asset Sale or Fixed Asset Write Off document.

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