You can track an asset through all stages of its life cycle, from procurement to retirement. After you purchase an asset and enter its data into the Configuration Management Database (CMDB), the asset starts its regular life cycle. You can modify the Asset Status according to the changes in the life cycle.
You can also create custom statuses and set them to your assets. However, an asset with a custom status becomes inactive and does not appear in the reports. Instead of using custom statuses, Symantec recommends that you create the custom status as a Location and assign the asset to this location.
The following example presents the life cycle of a laptop computer:
You deploy and inventory the laptop. You get the laptop and connect it to the network. You run inventory on the laptop. As a result of inventory scan, the laptop appears as an active asset. The asset status is Active.