You use the Assets application to create and to store asset numbers and corresponding information, such as parent, location, vendor, status, and maintenance costs for each asset. You can build the asset hierarchy as an arrangement of buildings, departments, assets, and subassemblies. The asset hierarchy provides a convenient way to roll up maintenance costs so that you can check accumulated costs at any level, at any time. You can also find a particular asset quickly.
Use the Assets application to perform the following tasks: