Assets are grouped by its usage nature and complaints nature.  The common settings like Number of activity to be done and when  are set for each Asset Type.

The Asset Type UI

Tracking Type : Each machinery will be montiored and serviced based on some parameter like life time, Meter Reading etc,

Parameter Set :  The parameter Set which used to schedule a preventive maintenance.

Asset Schedule :  Schedule of Maintenance

Activity :  The details of activity is linked here. Asset group may have more than one activity and the scheduling period.  e.g Monthly, Daily, Half-yearly

Depreciation : Details of Depreciation is mentioned here

Accounts :  The Ledger details in Accounts is set here for the asset.

Options :  Other information about the asset will be mentioned here. This is an optional.