Modifying assets
After you create an asset, you can add it to a collection,
change its status, add downtime information, add meter information,
move the asset, swap the asset, change the item number, or zero the
year-to-date amount.
Changing the status of assets
You use the Assets application to change the status of an asset. Assets have a designated status that indicates whether they are operational. When you create an asset record, the default status is Not Ready.
Adding depreciation schedules to assets
You add depreciation schedules to assets to reduce the value of that asset according to user-defined period thresholds. In date-based schedules, the value depreciates at specific time intervals. In usage-based schedules, the value declines based on an asset meter. For example, you can set a depreciation schedule on a vehicle that is based on miles driven or time in service.
Swapping depreciation schedules between assets
If you need to replace an asset that has a depreciation schedule, you can swap depreciation schedules between the original asset and the replacement asset.
Reporting asset downtimes
You use the Assets application to report the start and end time of the downtime for an asset after it has occurred.
Adding meters to assets
Use the Assets application to associate multiple meters with an asset. If the selected asset is associated with a meter group, the meters in that group display in the Meters window on the Meters tab.
Moving assets
You can move an asset from a non-inventory location to another non-inventory location or to a storeroom. You can move assets from your current site to another site within your organization, or to a site in a different organization.
Swapping assets
You use the Assets application to replace one asset with another asset, and to specify a location for the asset you swap out. You can swap any number of assets at once. You cannot move rotating assets from inventory locations. Use the Inventory application to issue rotating assets or to transfer rotating assets.
Changing item numbers
You can change the item number of the current rotating asset record.
Zeroing out asset costs
You use the Assets application to zero out the year to date or the total costs for an asset. This action might be performed once per year.
Rolling up maintenance costs
In the Assets application, you can calculate the maintenance cost of your assets by rolling up costs that you incur for labor, materials, tools, and services.