calculate Asset lifecycle remaining

[shid077]

How to calculate Asset lifecycle remaining in alm_asset table for a asset.

[Runjay Patel]

Hi @shid077 ,

To calculate the Asset Lifecycle Remaining for an asset , you need to consider the following key dates and lifecycle parameters:

1. Purchase Date or Start Date: The date the asset was acquired or the lifecycle started.
2. Expected End Date or End of Lifecycle Date: The date when the asset's lifecycle is expected to end.
3. Current Date: Today's date.

Formula for Asset Lifecycle Remaining:

The lifecycle remaining can be calculated using the following formula:

Lifecycle Remaining=Expected End Date−Current Date

If the Expected End Date is not available, you can derive it using the Purchase Date and the Lifecycle Duration (e.g., in years).

Expected End Date=Purchase Date+Lifecycle Duration

You can create new filed to hold this value and write before business rule to update the ame.

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Runjay Patel - ServiceNow Solution Architect
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