Reference: Asset Statuses

Workday updates the status of assets as you perform lifecycle events on them.

The same asset can have different statuses in different asset books.

Status	Description	Example
Pending Registration	Workday creates an asset through a business process workflow, and you haven't completed the asset registration.	Workday creates an asset from a supplier invoice, and: Sets its status to Pending Registration . Creates an inbox item for the business assets tracking specialist to complete the asset registration.
Registered	You've configured the depreciation profile on the asset to place assets in service Manually or When Issued and you either: Register the asset manually. Complete the asset registration.	Your company purchases a new building. You register the building at the time of purchase, and place it in service when you obtain a certificate of occupancy.
In Service	The asset is in service. You can record depreciation on the asset. Workday assigns this status to an asset when you either: Place the asset in service manually. Complete the asset registration or register the asset manually, when you've configured its depreciation profile to place assets in service Upon Acquisition . Resume the asset depreciation, when the asset had a status of In Service before its suspension. You can only record depreciation on assets that have a depreciation profile. You can’t place expensed or nondepreciable assets in service.	You place heavy machinery in service without issuing it to a worker.
Issued	Workday assigns this status to an asset when you either: Issue it to a worker manually. Resume the asset depreciation, when the asset had a status of Issued before its suspension. You can issue all types of assets to a worker. They don't have to be depreciable. When the asset is depreciable, you can record depreciation on the asset.	You issue a laptop to a worker.
Disposed	You fully dispose of the asset.	You fully dispose the remaining amount on a partially disposed asset with a status of In Service . Workday changes the status of the asset to Disposed .
Removed	You remove the asset. Restrictions apply to remove an asset. See Steps: Track Assets.	You cancel an invoice and remove the assets that Workday registered from the invoice.
Out of Service	You suspend the asset depreciation.	You suspend the depreciation on a piece of heavy machinery while you repair it.
Used by Composite	The asset is a component of a nondiscrete composite asset.	You register a nondiscrete composite asset composed of 2 component assets. Workday changes the status of the 2 component assets to Used by Composite .