To set the Status of a non-valued Asset and all of its descendants to Disposed:
1. Select the Asset to be Retired
2. Click the Retire Asset Task
3. In the Asset Retirement Details Form:
•Enter the Retirement Reason
•Select the Retirement Date
•If the Retirement is managed by someone else, change Retired By to that person’s Username
4. Click the Retire button
Things to be aware of:
Retirement performed on an Asset is applied to its descendants.
A Valuation Asset cannot be Retired. Instead it must have a Disposal Action, Completed on it. See Disposals and Partial Disposals.
An Asset cannot be Retired if it has:
•A Valued descendant that has not been Disposed of
•Uncompleted Actions associated with it, or any of its descendants