---
sourceDocument: Australia Asset Management
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/it-asset-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Retire assets

# Retire assets {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

You can retire an asset at any time.

## Before you begin

Role required: asset

## About this task

After you change the state of an asset to Retired, the
Substate field is active. When you retire an asset, the
status of related CIs also changes to Retired. Selecting a
substate is not required, but can be helpful for tracking and reporting.  
Note:  
When you manually change the state of the asset from Retired to any other value such as In use the asset becomes active again.

## Procedure

1. Navigate to AllAssetPortfoliosAll Assets.
2. In State, select Retired.
3. **Optional:** In Substate, select Disposed, Sold, Donated, or Vendor Credit.
4. Click Update.

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