Skip to content
Home » Fixed Asset Conditions

Fixed Asset Conditions

In Dynamics 365, fixed asset conditions refer to the state or status of a fixed asset, which is an item that a company owns and uses to generate revenue, such as buildings, equipment, and vehicles. The conditions of fixed assets can affect their value, depreciation, and useful life.

Here are some common fixed asset conditions in Dynamics 365:

  1. New: A fixed asset that has never been used and is in perfect condition.
  2. Excellent: A fixed asset that has been previously used, but is still in excellent condition, as new.
  3. Good: A fixed asset that has been previously used, but is still in good condition, but not as new.
  4. Fair: A fixed asset that has been previously used, but is still in reasonable condition, but working order.
  5. Poor: A fixed asset that is still used but in poor working order, with little or no re-sale value.
  6. Refurbished: A fixed asset that has been repaired or restored to a like-new condition.
  7. Salvaged: A fixed asset that is no longer usable for its original purpose and can only be sold for scrap or parts.

By tracking the condition of fixed assets in Dynamics 365, companies can make better decisions about maintenance, repairs, and replacements. This can help them optimize their use of assets and reduce costs over time.

Condition view in Dynamics 365
View of asset condition against the Asset record in Dynamics 365