You use the Assets application to track physical assets,
to define relationships between assets, and to manage assets throughout
their life cycles.
Assets overview
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.