AssetState defines the system-known life-cycle for an asset. The UI, for example, will typically query assets that are not = 'Dead' to automatically exclude those items from the return results.
|64||Active||The asset has been assigned to a user-defined workflow status.|
|128||Closed||The asset has been closed or quick-closed.|
|200||Template (Dead)||The asset is only used to create new copies as part of creating from Templates or Quick Add.|
|208||Broken Down (Dead)||The asset was converted to an Epic for further break-down.|
|255||Deleted (Dead)||The asset has been deleted.|
You may see an AssetState of 209 when looking at Members. This means that member is a Guest Collaborator.