Top > Working with Hardware Assets > Life cycle management tasks > Retiring an asset
An asset is retired when it is being placed into storage, prior to disposal, or when it is at the end of its life cycle. You can retire multiple assets at the same time.
PREREQUISITE: The asset must have a status of installed, received or stored to be retired.
An asset cannot be retired if the status is shipped, disposed, ordered, requested, retired or returned.
Retiring an asset removes its parent relationship. The parent asset needs to be retired separately. Child assets can be retired at the same time as their parent asset, but this step is optional.
Installed licenses are maintained on the retired assets and retained in counts in all views and reports.
To retire an asset:
Go to the IT Asset Management Pack workspace and expand Hardware Asset Management > Hardware Assets > All Hardware Assets.
Select the asset or assets to move and click Retire. The Retire form opens.
Enter a Location for the retired asset.
If you do not wish to retire child assets, deselect the Retire all child assets check box.
Click OK to complete the retire.