An asset can be categorized based on its current status in the organization. Ex: In Use, In Store, Expired and so on.
To add a new Asset State,
Go to Setup
>> Customization >> Asset Management. The Asset State tab lists the available asset states.
By default, you have five asset states available in ServiceDesk Plus Cloud. You cannot edit or delete thes asset states.
Click New Asset State to open the new asset state form.
Under Asset State, enter the name of the state(mandatory).
Specify any relevant information about the resource state in the Description field.
Click Save to add the asset state to the application.