Asset Types Example

If you use the same Depreciation, Expenditure, Accumulated Depreciation, Asset, and Distribution Code for chairs, desks, and tables, you may want to create an asset type called Furniture. By creating this asset type, you can create an asset (such as chair, desk, or table) using Maintain>Fixed Assets>Assets, and apply the Furniture asset type, thereby reducing data entry (of the aforementioned codes).