| Asset Statuses |  |
| An asset goes through several statuses in the Fixed Assets module. The status of the asset determines the actions you can perform on it. You can view the status of each asset in the Assets (tffam1500m000) session. These are the asset statuses: Entered The asset data has been entered into ERP LN, but the asset has not yet been capitalized and is not depreciating. In most cases, you can edit or delete entered assets. You cannot manually delete assets if they originate from an investment transaction in the Accounts Payable module or the General Ledger module, or if the current cost and/or the current quantity are above zero. Acquired The asset has been entered and capitalized, and is eligible for depreciation. You cannot delete or edit an acquired asset, but you can perform transactions on it. For example, you can create an adjustment transaction to edit the asset's data, or a disposal transaction to begin the process of deleting the asset from ERP LN. Disposed The depreciating asset has been sold, transferred, donated, or otherwise disposed of, and is eligible for purging. You cannot edit or perform transactions on a disposed asset. Related topics Using Assets |